Boyle Statement on October 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:

“President Trump says he doesn’t ‘give a damn’ about Americans struggling to afford gas because his friends in the oil industry are ‘making a frickin fortune.’ Once again, American families are paying the price so Trump and his enablers in Congress can make billionaires and big corporations even richer.

In just two years, Republicans have slashed health care to fund tax breaks for billionaires, imposed massive new tariff taxes on working people, and dragged us into another reckless forever war. The Trump-Republican agenda has ruined our economy.”

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

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