House Budget Committee Chairman Arrington: Economy Continues to Struggle - Fed Makes No Change to Interest Rates
June 13, 2024
June 13, 2024
WASHINGTON, June 13 -- Rep. Jodey Arrington, R-Texas, chairman of the House Budget Committee, issued the following news release on June 12, 2024:
Today, the Federal Open Market Committee (FOMC), the Federal Reserve's (Fed) committee that decides the future path of interest rates, announced that there will be no immediate change to interest rates. Falling workforce participation, worsening consumer confidence, and doubts about future economic growth all paint a bleak picture for our . . .
Today, the Federal Open Market Committee (FOMC), the Federal Reserve's (Fed) committee that decides the future path of interest rates, announced that there will be no immediate change to interest rates. Falling workforce participation, worsening consumer confidence, and doubts about future economic growth all paint a bleak picture for our . . .