Conservative Guard
  • Home
  • Breaking News
  • US
  • World News
  • China
  • Business
  • Politics
  • Crime
  • Finance
  • Entertainment
No Result
View All Result
  • Home
  • Breaking News
  • US
  • World News
  • China
  • Business
  • Politics
  • Crime
  • Finance
  • Entertainment
No Result
View All Result
theTotalStory | Conservative News & Opinion
No Result
View All Result
Home Finance

Sen. Crapo to Newsmax: Fed Made ‘Right’ Move Raising Interest Rates

Conservative Guard by Conservative Guard
March 23, 2023
in Finance
0
Sen. Crapo To Newsmax: Fed Made ‘Right’ Move Raising Interest Rates
7
VIEWS
Share on FacebookShare on Twitter

Sen. Mike Crapo, R-Idaho, ranking member of the Senate Finance Committee, told Newsmax that the Federal Reserve made the “right decision” on Wednesday to raise interest rates 25 basis points, bringing the benchmark federal-funds rate to a range of 4.75% to 5%.

Responding to a question from “The Record With Greta Van Susteren” on if the move will help curb inflation to the Fed’s goal of 2%, Crapo said, “Well, I do think it was the right decision by the Fed. They were faced with a real problem. If they raised the rate, they would help fight inflation better, but they would have put a little more pressure on the interest rate risk being faced in our banking sector. If they didn’t raise the rate, then they would have basically slowed the fight against inflation. And I frankly think that inflation is the bigger problem.”

The senator added, “Our inflation rate today is 6% — and remember, that’s over last year. If you look at compared to the beginning of the Biden administration, we’re still at about 14% total inflationary impact that’s slamming the American people.

“We don’t need to see these higher interest rates, but we have to keep looking at them, in my opinion, as long as the administration continues pushing this inflationary policy.

“And I’ll just add to that, the budget that the president sent to us just a week or two ago has $4.8 trillion of new taxes and trillions of dollars in new spending — more inflationary pressure. So I think the Fed did what it had to do.”

About NEWSMAX TV:

NEWSMAX is the fastest-growing cable news channel in America!


© 2023 Newsmax. All rights reserved.

Related

Previous Post

Double-Barreled Economic Threat Puts Congress on Edge

Next Post

Sen. Rick Scott to Newsmax: Fed Needs Independent Inspector General

Next Post
Sen. Rick Scott To Newsmax: Fed Needs Independent Inspector General

Sen. Rick Scott to Newsmax: Fed Needs Independent Inspector General

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 11.3k Subscribers
  • Trending
  • Comments
  • Latest
Why Adani’s $100 Billion Loss Hasn’t Tanked India’s Markets

Why Adani’s $100 Billion Loss Hasn’t Tanked India’s Markets

February 11, 2023
Women Balk At Chinese Government Plans To Raise Birth Rate

Uyghurs Challenge the World’s Selective Memories of Genocide on Holocaust Remembrance Day

January 27, 2023
Former Arizona State Student Appeals Conviction For Distributing Constitution Copies

Former Arizona State Student Appeals Conviction for Distributing Constitution Copies

January 27, 2023
Ukraine Attacks Russia’S Hold On Southern City Of Kherson

Ukraine attacks Russia’s hold on southern city of Kherson

October 27, 2022
Tensions Rise On Peninsula Over Fears North Korean Eyeing ‘Tactical’ Nukes With New Policy

Tensions rise on peninsula over fears North Korean eyeing ‘tactical’ nukes with new policy

0
Times Square May Get One Of The Few Spectacles It Lacks: A Casino

Times Square May Get One of the Few Spectacles It Lacks: A Casino

0
Border Containers 34754 C0 435 5219

Arizona refuses U.S. demand to remove shipping containers from border

0
How Finnair’s Huge Bet On Faster Flights To Asia Suddenly Came Undone

How Finnair’s Huge Bet on Faster Flights to Asia Suddenly Came Undone

0
Netflix Cuts Basic Tier In U.s. And U.k.

Netflix cuts basic tier in U.S. and U.K.

July 19, 2023
Hollywood Unions File Labor Complaint Against Nbcuniversal

Hollywood unions file labor complaint against NBCUniversal

July 19, 2023
Jason Aldean ‘Try That In A Small Town’ Music Video Pulled By Cmt

Jason Aldean ‘Try That in a Small Town’ music video pulled by CMT

July 18, 2023
Tupac Shakur, Late Rapper And Actor, To Be Honored With A Street Name In California

Tupac Shakur murder investigation: Las Vegas police serve search warrant

July 18, 2023

Recent News

Netflix Cuts Basic Tier In U.s. And U.k.

Netflix cuts basic tier in U.S. and U.K.

July 19, 2023
Hollywood Unions File Labor Complaint Against Nbcuniversal

Hollywood unions file labor complaint against NBCUniversal

July 19, 2023
Jason Aldean ‘Try That In A Small Town’ Music Video Pulled By Cmt

Jason Aldean ‘Try That in a Small Town’ music video pulled by CMT

July 18, 2023
Tupac Shakur, Late Rapper And Actor, To Be Honored With A Street Name In California

Tupac Shakur murder investigation: Las Vegas police serve search warrant

July 18, 2023

TrendingNews

No Content Available

New updates

Netflix Cuts Basic Tier In U.s. And U.k.

Netflix cuts basic tier in U.S. and U.K.

by Conservative Guard
July 19, 2023
0

Hollywood Unions File Labor Complaint Against Nbcuniversal

Hollywood unions file labor complaint against NBCUniversal

by Conservative Guard
July 19, 2023
0

Browse by Category

  • Breaking News
  • Business
  • China
  • Crime
  • Entertainment
  • Finance
  • Politics
  • US
  • World News

© 2022 www.conservativeguard.com

No Result
View All Result
  • Conservative Guard

© 2022 www.conservativeguard.com

Go to mobile version