Boyle Statement on May Fed Interest Rate Decision

WASHINGTON, DC — Today, Pennsylvania 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:

“Donald Trump promised to bring down costs for working families. Instead, his reckless trade wars will raise prices and hit the middle class with one of the largest tax hikes in history.

Today’s Fed decision was no surprise. It’s the predictable result of President Trump’s chaos—his tariffs, his threats, and his refusal to take responsibility. Instead of trying to fire the Fed Chair, he should focus on fixing the mess he created.”

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