Job Creators Network Statement on August PCE Index

Alfredo Ortiz, CEO of Job Creators Network, released the following statement in response to the August PCE Index, which rose by 0.3%, and CORE PCE, which rose by 0.2%:

“Inflation remains moderate and controlled due to good Republican policies like energy dominance, deregulation, and tax cuts. As a result, the Federal Reserve should continue lowering interest rates this fall to allow small businesses to access the credit they need to expand and hire. According to JCN polling, 69% of small businesses are having difficulty accessing credit in this environment, and 74% want the Fed to lower rates. By allowing small businesses to access the credit they need to start and expand, the Fed enables entrepreneurs to increase economic supply and put further downward pressure on prices while reinvigorating the American labor market and Main Street economy.”