Press ReleaseFebruary 29, 2024

Job Creators Network Reacts to January PCE Price Index

Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement in response to the January PCE Price Index, which rose by 0.3% last month, up from 0.1% in December, and Core PCE, which rose by 0.4%, up from 0.1% last month:
“Democrats’ failed agenda led by Perpetrator in Chief Joe Biden is rearing its ugly head once again, with the PCE Price index skyrocketing last month compared to the previous month’s levels. While inflation was never truly kicked, Biden and the mainstream media’s claim that inflation was defeated was premature. As a result, ordinary Americans and small businesses continue to face relentless price increases on goods and services, worsening their living standards. This inflation rebound will likely cause the Federal Reserve to delay planned interest rate cuts, exacerbating the credit crunch and broader cost of living crisis. This stubbornly high inflation is a direct result of Democrats’ reckless spending. As lawmakers consider new spending deals, in the shadow of a government shutdown, they should take this ongoing inflation as a sign to cut wherever possible.”