Boyle Statement on October 2025 Fed Interest Rate Decision

WASHINGTON, DC — Today, Congressman Brendan F. Boyle (PA-02), Ranking Member of the House Budget Committee, issued the following statement after the Federal Open Market Committee (FOMC) announced a 25 basis point cut to the federal funds target rate:

“Today’s rate cut is yet another warning sign about the sorry state of Donald Trump’s economy.

Nearly half of all states are now in or near recession, inflation is climbing, and the labor market is losing strength. This is all a direct result of Trump’s reckless tariff taxes and his chaotic economic agenda. At the same time, working families are facing the largest spike in health insurance premiums in our nation’s history.

I’ll keep fighting to lower costs, protect affordable health care, and make sure every American has access to a good-paying job.”

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