FED HIKES RATES: "FIX POLICY, DON'T BLAME THE FED"

The following information was released by the Cato Institute:

Following today's decision by the Federal Reserve to raise interest rates, I wanted to share the following reaction from the Cato Institute's Jai Kedia, a research fellow with the Center for Monetary and Financial Alternatives:

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"The Fed raised rates by 25 basis points today in response to inflation that remains well above the 2 percent target."

The President had strongly pushed the Fed to lower rates. But it is his administration's policies like tariffs, war, and reckless spending that ultimately made this decision inevitable.

"If the administration wants lower rates, it should start by fixing these policies rather than blaming the Fed."

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If you're interested in speaking with Jai about today's decision, inflation, or the outlook for interest rates, I'm happy to connect you.

Best,

Ryan Carver

Media Relations Manager

540589-0573

Cato Institute

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