Waters Statement on Fed Decision to Raise Rates
Washington, DC, December 14, 2016
Tags: Federal Reserve
Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, released the following statement on the Federal Reserve’s decision today to raise the target range for the federal funds rate:
“While I don’t agree with the Fed’s decision to raise rates, I am a strong advocate of an independent Federal Reserve free of political interference. I am concerned that under the new administration and with the support of a Republican-controlled House and Senate, the days of an independent, politically-immune Fed will be at risk.