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The numbers do not lie: Democrats are putting money back into the pockets of families across the country,” said Chairman Martin Heinrich. “The economy is stable, grocery prices are falling, and wages are increasing. That’s not happening because of luck. It’s because we are enacting policies that lower costs and boost wages while ensuring our economy works for everyone."
Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), announced the release of the annual response to the Economic Report of the President. The JEC is required by law to submit findings and recommendations in response to the Report, which is prepared and released each year by the Council of Economic Advisers (CEA).
The Fed has made it clear that it isn't ready to lower interest rates. But unnecessarily high rates are holding back small business growth, hurting workers, and worsening the housing crisis. It is time for the Fed to lower interest rates before it causes irreparable harm to the U.S. economy.
"Communities in New Mexico and across the country feel the economic impacts of flooding directly. This report helps quantify the magnitude of that impact and the urgent need for climate mitigation and resilience efforts to help reduce it. Democrats have made vital investments to strengthen our infrastructure and lessen climate-exacerbated disasters, but more action is needed still.”