Job Creators Network Praises Fed Action to Cut Interest Rates to Zero

Press ReleaseMarch 15, 2020
Washington D.C. (March 15, 2020)— Today the Federal Reserve cut interest rates to zero to respond to the economic impact of the coronavirus.

Alfredo Ortiz, president and CEO of the Job Creators Network, released the following statement: 

“The Fed’s move to cut interest rates to zero will help small businesses and consumers weather the economic impact of the coronavirus. By lowering the cost of borrowing to essentially nothing, the Fed is helping small businesses cover their many other costs caused by this crisis, including disrupted supply chains and reduced customer traffic. Zero-interest rate policy will also increase consumer demand by reducing the cost of credit. This move will stimulate demand and help small businesses and consumers weather this storm. It will also put the economy on solid footing to return to the historic economic performance enjoyed under Trump before this black swan event.”