Chairman Smith: High Prices and Interest Rates Continue to Make Life More Uncertain for Working Families

Press Release

"Even with the Federal Reserve's decision to pause rate increases, interest rates remain at the highest level in 22 years which, coupled with high inflation, continues to make life uncertain and expensive for families and small businesses. Incomes fell by $1,750 last year alone, leaving families on edge about whether their paychecks will keep up with constantly rising prices, let alone save for their future, while small businesses lack the confidence they need to succeed. High prices, which triggered the Federal Reserve's season of interest rate increases, continue to weigh down the economy and leave Americans wondering how they'll put food on their tables, clothes on their backs, and gasoline in their cars."

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