Boyle Statement on Fed's Interest Rate Pause

Statement

"Today's decision is a win for working families, a win for small businesses, and a win for our economy. With inflation on the decline and more than 13 million jobs created since President Biden took office, pausing rate hikes is firmly in keeping with the Fed's dual mandate.

"While this decision will be a relief for American families, House Republicans are actively pushing policies to reverse our incredible progress, erase opportunities, and spike costs. Just weeks after they demanded devastating cuts to programs hard-working Americans rely on, extreme MAGA Republicans are launching the GOP Tax Scam 2.0 with retroactive tax giveaways for big corporations, handouts to the rich, and new favors for their special interest backers that would increase the debt by hundreds of billions of dollars. House Democrats will protect the historic investments we've made to fuel our manufacturing boom, create good paying jobs, and lower everyday costs for working families."

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