Boyle Statement on July 2026 Fed Interest Rate Decision

WASHINGTON, DC — Today, Congressman Brendan F. Boyle (PA-02), Ranking Member of the House Budget Committee, released the following statement after the Federal Open Market Committee (FOMC) announced it would be maintaining the current interest rate target range:

“American families have now paid over $3,500 more due to inflation under Donald Trump. His tariff taxes, his health care cuts, and his disastrous Iran war are all making life harder for working people.

Instead of reversing course, Trump and Republicans are doubling down with new tariffs and a budget that wastes tens of billions of dollars on the Iran war. American families need help, but all President Trump has done is raise their costs.”

For more information on the Trump-Republican cost-of-living crisis in congressional districts across the United States, visit democrats-budget.house.gov/costofliving.

###