Texas Congressman Roger Williams released a statement after the Federal Reserve announced it would raise the interest rate, the second rate hike since 2006. Williams is a member of the House Financial Services Committee.
He said, in part; While rate hikes have historically been an important tool to offset inflation, the decision by the Fed to raise the interest rate is entirely premature and will be burdensome to a nation already struggling to pull itself out of this slow-growth Obama economy… Even at the current rates, we are paying an exorbitant amount of money to pay down interest on the national debt…. Young adults are struggling to pay back loans… he added; the Fed is effectively making our hardships even harder.
Source: Local News