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Agricultural News


Cole Statement on 5th Federal Reserve Interest Rate Hike

Wed, 21 Sep 2022 15:04:37 CDT

Cole Statement on 5th Federal Reserve Interest Rate Hike Congressman Tom Cole (OK-04) released the following statement after the Federal Reserve increased interest rates by 0.75 percent, which marks the fifth rate increase made this year in response to raging inflation.


“The Federal Reserve’s decision to raise interest rates for the fifth time this year is yet another indication that Democrats’ self-created economic crisis is out of control and continuing to worsen,” said Cole. “While this repetitive action should serve as a sign to change course with their irresponsible spending and misguided economic policies, the Biden Administration and the Democratic majorities in Congress continue to ignore reality. Instead, they are wrongly celebrating their misnamed ‘Inflation Reduction Act’ and falsely claiming inflation is under control. The American people deserve better from their elected leaders.”



   

 

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