Labor Sec. Chavez-DeRemer: ‘Why Doesn’t [Jerome Powell] Want To Be on Board for the American People?’

‘We need those interest rates down so that our businesses can borrow more money at a cheaper rate and invest in their companies, invest in the American economy’

EXCERPT:

CHAVEZ-DeREMER: "Why would Jerome Powell be too little, too late? Why doesn’t he want to be on board for the American people?Congress passed the One Big Beautiful Bill, the president has done a wonderful job in these trade deals. We’re seeing more and more countries come to the table. And this is another leg of this tool that can be assisting the American worker and the American business, and he’s choosing not to do so. We need those interest rates down so that our businesses can borrow more money at a cheaper rate and invest in their companies, invest in the American economy, and grow this economy even better. We've seen positive job growth. We have seen consumer confidence go up. We’ve seen unemployment hold steady. While we could have seen better jobs numbers, right now we’re seeing American workers are being put first, native-born workers account for all of the job growth and that’s key.”

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