Job Creators Network Statement on Federal Reserve Rate Hike

The Federal Reserve’s decision to raise interest rates will only worsen the high credit costs burdening American small businesses and families. High mortgage rates and small business borrowing costs are holding back broader American prosperity. The good news is that when the Iran War winds down, energy prices and inflation will fall, giving the Fed room to reverse this decision. That will improve affordability and allow small businesses to take fuller advantage of Trump administration pro-growth reforms such as last year’s historic tax cuts.