U. S. Congressman Pat Tiberi (R-OH), chairman of the Joint Economic Committee, today issued the following statement regarding the decision by Federal Reserve officials to increase the target federal funds rate to between 0.75 and 1.0 percent:

 

“The Fed’s step toward more normalized rates indicates growing confidence that our economy will strengthen as the Administration and Congress follow through on our promises to lift artificial constraints on economic growth such as overly burdensome regulations, an outdated and uncompetitive tax code, and a collapsing health care law. I am encouraged that we are moving beyond slow, uneven growth toward a period of prosperity for all.”