STATEMENT: Blunt Rochester Slams Trump Economy Amid First Interest Rate Hike in Three Years

U.S. Senator Lisa Blunt Rochester (D-Del.) today issued the following statement reacting to the Federal Reserve’s decision to raise interest rates for the first time in three years: “While I’m glad Federal Reserve Chair Warsh has stayed true to his word to operate independently, today’s decision to raise interest rates underscores a painful reality: The Trump economy is failing Americans. Everyday essentials like gas and groceries are getting more expensive. Trump’s illegal war in Iran has pushed energy prices higher, while the Trump tariffs are squeezing household budgets even more. Families should not have to suffer the consequences of the president’s poor economic policies. It’s time for President Trump to put the needs of American families first and finally focus on bringing costs down.”