July 27, 2022

Brown: Working Families Must Not Be Crushed in Our Fight Against Inflation

WASHINGTON, D.C. — Today, Sen. Sherrod Brown (D-OH), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, released the following statement after the Federal Open Market Committee (FOMC) announced an increase in interest rates:

“When Wall Street and corporations run the economy, no matter what goes wrong, working people always pay the price,” said Brown. “Interest rate hikes alone, without action from the politicians who enabled the corporate concentration and outsourcing of supply chains, won’t fix the underlying problems with our economy. It’s why Congress must do its part to bring down working families’ biggest costs by investing in our housing supply, lowering drug and insulin costs, cracking down on price gouging, and fighting corporate consolidation. Together, we can fight inflation and ensure our economy serves everyone, not just those at the very top.”