Hill Statement on Fed Interest Rate HikeFor more information, contact: Mike Siegel, (202) 225-2506
Washington, DC,
December 14, 2016
Today, after the Federal Reserve announced its decision to raise interest rates, Congressman French Hill (AR-2) released the below statement: “Today’s decision by the Federal Reserve to raise interest rates for the first time in 2016—and just the second time since 2006—is a delayed move considering the increase in market interest rates over the past four months. The Federal Reserve needs to develop a more rules-based approach to monetary policy, such as that contained in the Financial Choice Act, to prevent ambiguity and unpredictability in future decisions.” ### |
