Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Federal Reserve’s decision to lower federal interest rates by a half percentage point:

 

“For months, I’ve advocated for interest rate cuts to deliver the benefits of this economy to Americans.  Families have had to endure unnecessary hardship for far too long because of needlessly high interest rates. Today, the Federal Reserve finally made the right call.

 

“Let’s be clear: today’s decision is a big win for families across the country. Lower rates mean that more families will be able to buy a home or a car without high interest payments looming over them, and their credit card bills will go down. 

 

“But there is still work to be done. I will continue to work with my colleagues to fight for policies that raise wages, strengthen our economy, create new jobs, and lower prices for families in New Mexico and across the country.”

 

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