Boyle Statement on July Fed Interest Rate Hike

Statement

"Since 1961, the Fed has raised interest rates nine times to tame inflation -- and ended up triggering a recession in eight of those nine cases. Millions of jobs are on the line and this eleventh rate hike raises the risk of another over-correction. With the rate of inflation less than one point away from the Fed's two percent target, our chief concern should be protecting American jobs and our historic recovery."

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