Job Creators Network Responds to August Producer Price Index

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the August Producer Price Index, which declined by 0.1%, and Core PPI, which rose by 0.3%:

“Non-existent wholesale inflation gives even more justification for the Federal Reserve to cut interest rates by at least 50 basis points at its meeting next week. Thanks to President Trump and Republican policies, small businesses no longer have to worry about runaway inflation that destroys profit margins and alienates customers. Now, the biggest threat they face is artificially high interest rates from a politicized Fed. When small businesses can’t access credit, they can’t reinvest in their businesses and create jobs in their communities. Low and predictable inflation ensures the Fed can finally cut rates to free up capital and empower small businesses to kick start the Main Street resurgence.”