WASHINGTON, D.C. – Ways and Means Committee Chairman Jason Smith (MO-08) released the following statement after the Federal Open Market Committee announced it would not lower interest rates:

“I am deeply disappointed by the Federal Reserve’s decision not to provide additional relief to American families who continue to be priced out of the American Dream and small businesses delaying investing, hiring, or expansion because borrowing costs remain too high. Republicans and President Trump moved quickly last year to deliver pro-growth, pro-worker tax relief that, combined with the President’s America First agenda, is already driving stronger wages, renewed manufacturing, a historic tax refund season, and positive momentum across the American economy.

“This economic boom is being undercut by the Federal Reserve dragging its feet, harming workers and entrepreneurs, and denying real relief to millions of families who struggled for years under the previous administration. Inflation is at a four-year low, it’s time for the Federal Reserve to do its job.”