Political Quotes

“Mr. President, yesterday the Federal Reserve raised interest rates by half a percentage point, the biggest rate hike in 22 years. The effort is underway to stop inflation. For millions of American families who are struggling to pay their bills and afford the basics, this can't come fast enough. The U.S. economy has added nearly 1.7 million jobs this year. Consumer spending is strong, but higher costs for groceries, gas, housing, and more are straining family budgets and making people very anxious about their future. In announcing the interest rate hike yesterday, Federal Reserve Chairman Jerome Powell said the following: The biggest drivers of inflation today are higher prices caused by Russia's war on Ukraine and rising COVID cases in China, which can further disrupt supply chains. In other words, the Federal Reserve Chairman said two of the biggest drivers of inflation are really global; they are complicated; and they aren't going to be solved by America alone. Fortunately, there are some simple solutions we can take to help families save money. Let me tell you about three of them. The first is to cut gas prices. I can't think of a single cost of living that is more visible. Every street corner in America has a sign declaring what the cost of a gallon of gasoline is, and people compare these in their mind even as they drive down the road. Some people make a hobby of it. Anyone who has filled up a gas tank in the last few months has felt the sticker shock of Mr.…”