July 31, 2024

REP. HOYLE STATEMENT FOLLOWING FED DECISION NOT TO LOWER INTEREST RATES

Washington, DC – Today, U.S. Representative Val Hoyle (OR-04) released the following statement:

“Today’s decision by the Fed not to lower interest rates is wrong and does nothing to ease the financial burden put on working families. I joined my colleagues earlier this year in calling on the Fed to lower interest rates. Unnecessarily high interest rates punish working families, threatening the wages and jobs they depend on. I urge the Fed to right this wrong by cutting interest rates in September.”