Lee Outlines Policy Solutions to Reduce Inflation
WASHINGTON—Today, Ranking Member Mike Lee (R-UT) released a new Joint Economic Committee report outlining policy solutions to reduce inflation.
The report outlines a slate of recommendations to complement the Federal Reserve's monetary tightening, providing practical steps for Congress to practice fiscal discipline, remove disincentives to work, lower the cost of domestic production through deregulation, and increase the functionality of U.S. supply chains.
Lee said, "American families are facing the most expensive Thanksgiving in forty years. Our latest report at the JEC outlines a path forward—a detailed plan for policymakers to reduce inflation with pro-growth policies that remove burdensome regulations and restrain Congressional overspending. These solutions would go a long way toward returning our economy to one of low inflation, maximum employment, and sustainable long-term growth."
The Joint Economic Committee is Congress's bicameral economic research center and home of the Social Capital Project, led by Ranking Member Mike Lee.