Toomey: Fed Should Move to Normalize Interest Rates

Washington, D.C. – U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) released the following statement after the Federal Reserve announced it would accelerate the taper of its asset purchases.

“While long overdue, the Fed's decision to accelerate the taper of its bond buying program is a modest step in the right direction. With inflation now reaching a nearly 40-year high, the Fed needs to continue taking this threat seriously and move to normalize interest rates.”

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