Donald Trump’s running mate JD Vance is concerned about how the US financial sector could seek to “take down” the 78-year-old, should he win a second presidential term.
Speaking on the Tucker Carlson Network, the man vying for the vice presidency said he is confident about a Trump win in the November election.
He made clear that his only concern is how supposed nefarious forces will seek to work against the administration.
“The most important and most impactful way they could try to take down his presidency is to spike interest rates”, he said.
JD Vance is concerned Wall Street will work against Donald Trump
TUCKER CARLSON NETWORK / PA
“You saw this by the way with Liz Truss in Britain. I like Liz Truss. I disagree with her on a lot of issues, so I’m not trying to stand up and say, ‘Liz Truss is my person’.
“But she came in with a plan and I think the Bank of England made a lot of mistakes, maybe intentionally.
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JD Vance spoke to Tucker Carlson
TUCKER CARLSON NETWORK
“Interest rates shot through the roof and it took down her government in a matter of days. Of course, we don’t have the same style of government, but it would be devastating to the president if we had this bond market death spiral.
“It’s one of the things we’re going to have to fight against when we win – I think we will win.”
Liz Truss’s mini-budget in September 2022 introduced unfunded tax cuts and therefore prompted fear in the markets.
It was the death knell of her ill-fated term which lasted just 49 days.
Donald Trump is an advocate for conservative-type policies but JD Vance is concerned that Wall Street may not be receptive to them.
US government debt has increased by more than $4 trillion since Joe Biden took office in 2021, but much of the spending was pandemic-related.
Trump says he wants to bring economic stability to the country if he is elected in November while introducing tax cuts for blue-collar workers, including a ban on taxing tips and overtime.
On Wednesday, it was announced that the Federal Reserve cut the base interest rate from what was a 23-year high of between 5.25 per cent and 5.50 per cent to a lower range of 4.75 per cent to 5 per cent.
The economy and inflation are the most important issues for voters across the swing states, polls show.
But it’s unclear whether voters prefer Trump or Kamala Harris on the matter, with the swing states still divided.
