Boyle Statement on March 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:

“Our economy was already showing clear signs of strain, and now President Trump’s reckless war in Iran has made a bad situation worse. His tariff taxes are driving prices higher and costing American families and small businesses more every day. We have also seen job losses in five of the last nine months, including 92,000 jobs lost just last month.

To make matters worse, Trump’s unnecessary war has driven gas prices to their highest level in years. Instead of taking responsibility, the President continues to lash out at the nonpartisan Federal Reserve. It’s a disgrace.”

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

###