Press Releases

Schumer: Economic Danger on Both Sides with High Inflation

Jul 16 2008

Sen. Charles E. Schumer, Chairman of the Joint Economic Committee, released the following statement in reaction to today’s Consumer Price Index data for June indicating that inflation is up over 1 percent, the highest monthly rise in 26 years: 

“We’re now seeing danger for the economy on both sides -- growth is too slow and inflation is too high.  We hope that the President will work with us in these very difficult and dangerous times to pass some mainstream, bipartisan solutions for our economy.  For the first time worries about stagflation are getting real.”

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