Coats Statement on the Fed’s Decision to Maintain Interest Rates

WASHINGTON, DC – Joint Economic Committee Chairman Dan Coats (R-Ind.) today released the following statement regarding the Federal Reserve’s Federal Open Market Committee decision to maintain the federal funds target rate: 

“Today the Federal Reserve announced that interest rates will remain near zero. The Fed’s decision is an acknowledgement that our economy remains mired in a state of uncertainty and stagnation. Given these tepid economic conditions, Congress should take action to spur our economy by passing pro-growth policies. Reforming our tax code, removing regulatory burdens and expanding trade would generate a thriving economy and improve the lives of all Americans.”