Job Creators Network Slams Fed Decision to Hold Interest Rates Steady

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the Federal Reserve’s decision today to hold interest rates steady:

“Inflation is low, and small business borrowing costs are high, yet the Fed stubbornly refuses to lower interest rates. Ironically, the Fed seems to believe low inflation over the past few months is transitory. That’s the same mistake the Fed made when it was too late to act in the face of the highest inflation in 40 years under President Biden, which it also mistakenly thought was transitory.”

“In reality, President Trump has conquered Bidenflation, but small businesses still can’t access the capital they need to expand and hire. The Fed should immediately lower rates by half a point to boost the small business economy and labor market and put Main Street in the best position as possible to take advantage of the coming Republican tax cuts.”