OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Fed Rates and Stagflation

Floor Speech

Date: Sept. 16, 2025
Location: Washington, DC

BREAK IN TRANSCRIPT

Mr. LATIMER. Mr. Speaker, the Federal Reserve Board meets this week to consider easing interest rates, a move that the President has been urging for months.

Inflation remains stubborn. Consumer prices rose by 2.9 percent in August compared to last year. Job growth is slowing. Unemployment has climbed to 4.3 percent, the highest in 4 years. We are now veering toward stagflation: rising prices and a cooling job market.

No matter what you call it, the reality is clear: American families and small businesses are struggling. The President came into office promising to lower costs and make life more affordable. Instead, he has delivered the opposite with a massive tax and spend bill and a reckless tariff agenda that is driving prices even higher and creating apprehension for employers.

Lower interest rates might offer some short-term relief. Yet, for real, lasting stability, you need a change in course and a change in policies coming from the top.

BREAK IN TRANSCRIPT


Source
arrow_upward