Job Creators Network Responds to June PCE Index

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the June PCE Index, which showed inflation increased by 0.3% (2.6% year over year) and CORE PCE, which also increased by 0.3% (2.8% y/y): 

“The Federal Reserve’s preferred inflation metric confirms once again that price increases are low thanks to President Trump and Congressional Republicans’ pro-growth agenda that includes tax cuts, spending cuts, and deregulation. It’s clear that the biggest danger to the economy is no longer inflation but rather the lack of access to credit facing small businesses and ordinary Americans due to prolonged high interest rates. Fed Chairman Jerome Powell must immediately cut rates to help entrepreneurs survive and thrive and provide a strong economic tailwind to Republicans’ pro-small business policies. JCN’s new campaign, CutTheRateNow.com, features a petition for Americans to sign and make their voices heard.”