Press ReleaseMay 1, 2024

Job Creators Network Reacts to Federal Reserve Holding Interest Rates Steady

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the Federal Reserve announcing today that it plans to keep interest rates elevated:

“As I predicted, the Federal Reserve has no other choice but to hold interest rates at their elevated level given resurgent and stubbornly high inflation. The biggest victims of this decision are small businesses, which lose out on vital access to credit as a result. This ongoing credit crunch prevents many small businesses from thriving and, in some cases, even surviving. Due to bad government policies, small businesses now face a triple threat of slow growth, high inflation, and persistent elevated borrowing costs. And President Biden wants to add tax hikes to this mix. To reignite the small business economy and finally lower inflation and interest rates, voters must support conservative candidates this fall.”