Washington, DC (July 31, 2019) – Today, the Federal Reserve announced that it will cut interest rates by one-quarter of a percentage point.
For the past year, JCN has been pushing for lower interest rates as the best way to accelerate growth. Our small business community was damaged by the Fed’s rate increase last year, which is why we opposed their decision then, and why we are excited by their decision today. Small business owners rely on low rates to grow and invest, which means more employees and higher wages. Lower rates, combined with President Trump’s pro-growth policies, is exactly the prescription we need to push our economy to new heights.
Last week, the Washington Times published an op-ed by Mr. Ortiz calling on the Fed to cut rates. To read his op-ed, click here.