Boyle Statement on September 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:

“The Fed isn’t cutting rates because the economy is strong; it’s cutting them because Donald Trump is recklessly sabotaging it. Inflation is climbing, the job market is shrinking, and every sign points to stagflation.

On top of rising prices and a slowing economy, middle-class Americans now face the largest loss of health care in our nation’s history, while billionaires walk away with the biggest tax break ever under Republicans’ Big Beautiful Bill for Billionaires.

While Donald Trump betrays working families to enrich the wealthy, I’ll keep fighting for an economy that is fair for every American.”

###