Boyle Statement on Fed Rate Cut

WASHINGTON, DC — Today, Congressman Brendan F. Boyle, the top Democrat on the House Budget Committee, issued a statement following the Federal Open Market Committee’s (FOMC) decision to lower the current interest rate target range:

“I am alarmed that, as our economy nears stable inflation, President-elect Trump is pushing an agenda that could send prices soaring,” said Ranking Member Boyle. “Bond markets are already flashing red. Trump’s reckless proposals—tax hikes on working families, unchecked corporate greed, and threats to the Federal Reserve’s independence—would destabilize our economy and hurt middle-class Americans. We must reject his inflationary schemes and protect the Fed’s independence to safeguard our financial future.”

“Moving forward, I hope my Republican colleagues will reconsider their most partisan and extreme proposals and work with Democrats to tackle the real issues facing American families. Together, we can bring down the cost of essentials like food, housing, and health care, and implement policies that strengthen—not weaken—the middle class. It’s time to focus on practical, bipartisan solutions that deliver results for the American people.”

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