Job Creators Network Reacts to GDP Report
Washington, DC (July 26,2019) – Today, the Bureau of Economic Analysis announced that the economy grew by 2.1 percent in the second quarter of the year.
Today’s GDP report reinforces JCN’s call for the Federal Reserve to cut interest rates at next week’s meeting. While the national economy remains strong under President Trump’s pro-growth policies, the best way to keep momentum going – and to accelerate growth – is through lower rates. JCN has consistently advocated for lower rates, and strongly opposed the rate hikes that took effect late last year, calling them a mistake. Small businesses rely on low rates to grow, expand, and create jobs. With small businesses creating two out of three new jobs, lower rates will benefit our small businesses significantly, and our country as a whole.
We also need Democrats to turn back the clock on their far-left policies, which include the $15 minimum wage the House passed last week. When the House advances job-killing policies, such as the $15 minimum wage, it alarms job creators who look for clues on our economic future when it comes to hiring decisions.