Job Creators Network Responds to September PCE Index

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the delayed September PCE Index, which increased by 0.3% (2.8% year over year), and CORE PCE, which increased by 0.2% (2.8% year over year):

“President Trump and Congressional Republicans’ affordability agenda is paying off with moderating inflation and rising real incomes. Their conservative pro-growth policies, such as tax cuts and deregulation, are the best way to reverse inflation. For instance, this week’s rollback of the Biden administration’s restrictive and inflationary automotive gas mileage standards will make transportation cheaper, which will filter through Main Street and the entire economy.”

“Yet the battle to overcome the Biden administration’s high-price hangover is far from over. Congressional Republicans need to double down on pro-small-business ideas, starting with association health plan healthcare reform that can reduce outrageous insurance premiums that are one of the biggest costs facing employers and employees.”