Boyle Statement on May Fed Interest Rate Hike

Press Release

"With the partnership of Democrats in Congress, President Biden has delivered more jobs in two years than any president ever has in four,"

"Raising interest rates too high and too fast puts this record job growth at risk. The FOMC's action today is imprudent and only adds to the growing risks facing the economy."

"Perhaps the biggest of these risks is the threat of a MAGA manufactured debt default. It's time for Speaker McCarthy to reassure markets -- and more importantly, the American people -- that Republicans will stop playing games and ensure the government pays its debts."

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