Job Creators Network Reacts to Fed Decision on Interest Rates

Press ReleaseJune 19, 2019

Washington, DC – Today, the Federal Reserve announced its decision to keep interest rates steady, while signaling they will likely cut rates in the future.   

Alfredo Ortiz, President and CEO of the Job Creators Network (JCN), released the following statement.

For nearly a year, the Job Creators Network has been ringing the alarm bell about higher interest rates and the threat that they pose to small businesses and our economy. While we’re disappointed the Fed decided to keep interest rates steady, we’re encouraged they are signaling a rate cut in the future. 

Small businesses need low rates to keep growing, hire more workers, and raise wages. To protect the hard-won gains of the Trump Economy, the Fed should definitely cut rates at its next meeting. JCN will be closely monitoring the Fed to ensure that happens.