Jobs Creators Network Blasts Fed Decision to Hold Interest Rates Steady

Washington, D.C. (July 30, 2025)—Today, the Federal Reserve announced that it will hold interest rates steady, despite inflation levels that are near the two percent target rate. The disappointing announcement comes as the White House and Chairman Jerome Powell have clashed on the issue for months. Just this morning, President Trump reacted to GDP growth on Truth Social, saying in part, “…MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!”

As the Job Creators Network (JCN) has argued, the high interest rates are harming the small business community. With passage of the tax cuts in early July, polling finds that 70 percent of small businesses plan to hire, expand, raise wages, and reinvest in their communities. But for Main Street to fully take advantage of the policy victory, interest rates need to be lowered because small businesses are currently having a difficult time accessing lines of credit.

Earlier this week, JCN launched CutTheRateNow.com, a campaign that is urging the Federal Reserve to lower interest rates. Visitors to the page can sign a petition urging Jerome Powell to open-up borrowing for small businesses, as well as see recent inflation data and statistics that compare America’s central bank rates to those of other countries.

Alfredo Ortiz, Chief Executive Officer of the Job Creators Network, released the following statement:

“Rather than being data dependent, Federal Reserve Chairman Jerome Powell has become a data denier. President Trump has conquered Bidenflation, but small businesses are still having difficulties securing access to capital that will finance operational expansion, job creation, and economic growth. The Fed should immediately lower the rate so that Main Street can fully take advantage of the recently passed tax cuts.”