Press Releases

Monetary Policy and Trade Subcommittee Chairman Bill Huizenga (MI-02) released the following statement after the Federal Open Market Committee (FOMC) announced it would not be raising interest rates at this time:

“While it does not come as a surprise that the Federal Open Market Committee chose to delay the inevitable and maintain the artificially low interest rates, I hope this decision was reached based on economic data and not due to a barrage of political pressure from the White House and those on Capitol Hill who continue to mount a letter writing campaign in hopes of influencing the Fed. Instead of the current ad-hoc policy being employed by the Federal Reserve, the United States should adopt a rules-based strategy regarding monetary policy, which is why we need to enact my legislation, H.R. 3189, The Fed Oversight Reform and Modernization Act of 2015.”