CHAIRMAN ARRINGTON STATEMENT ON FEDERAL RESERVE'S RATE CUT

The following information was released by the U.S. House of Representatives Committee on the Budget:

Today, House Budget Committee Chairman Jodey Arrington (R-Texas) released the following statement on the Federal Reserve's decision to lower interest rates:

"Let's not forget, the Federal Reserve had to raise interest rates an alarming eleven times during the Biden presidency to extinguish the inflationary firestorm created by Democrats' record deficit spending, increased taxes, and regulatory assault on American energy.

In contrast to Democrats' failed economic agenda, Republicans' pro-growth, pro-energy, and pro-work policiesalong with President Trump's government-wide deregulation and record foreign investmenthave resulted in significant economic growth, increased wages, and the third interest-rate cut by the Fed since Trump took office.

As the President builds on our economic successes by securing more fair trade deals, and as working families receive record tax refunds in the new year, Americans can expect better opportunities and bigger paychecks in 2026 and beyond."