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Smith on Federal Reserve Interest Rate Decision: Pass The One, Big, Beautiful Bill Now

June 18, 2025

WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) issued the following statement after the Federal Open Market Committee announced its decision to hold its benchmark rate flat:

“For four years, historic inflation and high interest rates brought on by Democrats’ multi-trillion-dollar spending spree made it impossible for American families to buy a home, a new car, or invest in their family’s future. The good news is, in just six months, President Trump has already turned our economy around by lowering inflation to its slowest growth in four years, securing historic levels of private sector investment, and demanding better treatment and fairer trade for American manufacturers, farmers, small businesses, and families. Now, it is Congress’ turn to deliver the pro-growth, pro-America tax policy in The One, Big, Beautiful Bill that will usher in a golden age for the American economy and put the American dream back within reach for millions.”  

FACT SHEET: The One, Big, Beautiful Bill Fuels America’s Economic Growth

FACT SHEETThe One, Big, Beautiful Bill Delivers Biggest Wins for the Working Class