Boyle Statement on December CPI Inflation Release

WASHINGTON, DC — Today, Pennsylvania Congressman Brendan F. Boyle, Ranking Member of the House Budget Committee, released the following statement after the Bureau of Labor Statistics (BLS) reported that the annualized Consumer Price Index (CPI) inflation rate for December 2025 was 2.7 percent:

“Today’s report confirms that inflation remains above the Federal Reserve’s 2 percent target — in large part because of President Trump’s tariff taxes. Nonpartisan experts, including Chairman Powell, have warned that these tariffs are keeping prices high and making it harder for the Fed to cut interest rates.

Instead of lowering costs as he promised, the President is now attacking the independence of the Federal Reserve and directing his Justice Department to target the Fed Chair for refusing to bow to political pressure. That kind of interference only adds uncertainty and chaos to an already fragile economy.”

###