Press ReleaseJanuary 26, 2024

Job Creators Network Responds to December PCE Index

Alfredo Ortiz, president and CEO of Job Creators Network, released the following statement in response to December PCE, which rose by 2.6%, and Core PCE, which rose by 2.9%:
“Today’s inflation remains well above the Federal Reserve’s target rate, but more importantly, the inflation damage has already been done. Today’s price increases are compounding on the highly elevated price levels that already exist due to the historic inflation that occurred during the first three years of President Biden’s term. Contrary to the media spin, the moderation in the inflation rate is no victory for ordinary Americans and small businesses facing a cost-of-living crisis. The only way to truly bring inflation under control and finally give Americans relief from price hikes is to rein in reckless government spending bidding up prices. Unfortunately, the Democrat Party, at all levels of government, no matter who’s in charge, doesn’t believe in fiscal responsibility.”