Following the Federal Reserve’s decision to raise its interest rate target another quarter percentage point, Joint Economic Committee Chairman Erik Paulsen noted:
"The Federal Reserve’s decision today shows its confidence in the continued strengthening of the U.S. economy. After years of subpar performance, the economy finally grew at a 4.2 percent annualized rate last quarter; wages are rising, the unemployment rate is its lowest since 2000; consumer confidence is at its highest since 2000; small business optimism is its highest ever, and inflation remains low and stable. Pro-growth economic policies are working.”
Note: Today, the Federal Reserve’s Federal Open Market Committee decided to raise its interest rate target 25 basis points.