The Federal Reserve’s decision to hold interest rates steady was a critical, albeit painful, choice. Reducing inflation remains a challenge, and with a new administration working to get everything under control, Treasurer Todd Russ recognizes the difficulty of curbing rising costs.
"I share their concerns that inflation has not yet been meaningfully reduced despite current rates," said Treasurer Russ. "While these high rates put pressure on everyday American lives, bringing inflation down is paramount for our economy’s long-term success. The impact extends beyond financial markets—it affects the housing market, grocery bills, and childcare costs. To improve the quality of life for everyday Oklahomans, inflation must stay low."
It's clear the Fed feels lowering rates too soon could undermine the progress made in stabilizing prices and could erode value for the working class. By maintaining the current rate, the Federal Reserve is ensuring that inflation remains under control and avoiding a potential bounce back in inflation, which would be harder to control despite ongoing efforts.
