Rep. Jason Smith

@RepJasonSmith ↗

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Last Checked Aug. 29, 2022

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Wed Jun 15 20:01:22 +0000 2022

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Rep. Jason Smith @RepJasonSmith

Today’s interest rate increase is the first time the Federal Reserve has raised interest rates by 75 basis points in a single rate hike since 1994. — PolitiTweet.org

Posted June 15, 2022

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Rep. Jason Smith @RepJasonSmith

When Joe Biden took office, the Congressional Budget Office predicted at the time that interest rates would not rise until 2024. To combat Biden’s Inflation Crisis, the Federal Reserve has now raised interest rates for a 3rd time since March. — PolitiTweet.org

Posted June 15, 2022

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Rep. Jason Smith @RepJasonSmith

In the past 3 months, the Federal Funds Rate has gone up a combined 1.5%, the fastest cumulative rate hike in over 40 years. The Fed is now on pace to raise rates faster this year, than the previous 15 years combined. — PolitiTweet.org

Posted June 15, 2022