Political Quotes

“the American economy is gaining momentum, but the independent Federal Reserve is, regrettably, not adding the energy needed to abet this growth potential. After 4 years of inflation caused by excessive government spending and an all-out assault on U.S. energy, our private-sector economy is now in significant recovery, and it truly is only the beginning. Tariffs are realigning supply chains here at home. By supply meeting and exceeding demand, this will continue to lower inflation. Additionally, the OBBB makes bonus depreciation, the small-business deduction, and the R&D tax credits permanent, sharpening our competitive edge and incentivizing capital investment. The table is set for growth. However, nearly $1 trillion in annual interest payments hang over our heads. Here is where the Fed's actions can make an enormous difference. Due to the Biden administration's highly inflationary policies, we saw inflation soar to over 9 percent, 20 percent over the 4-year period. Those policies and inflationary rates that came from them forced the higher interest rates by the Fed to as high as 5.5 percent. The recent CPI report, however, has inflation at 2.4 percent, and PCE, personal consumption expenditures, the Fed's favorite indicator, at only 2.1 percent. Yet, the Fed has not moved much and has left interest rates as high as where they currently are, 4.5 percent.”