Brady Applauds Fed’s Decision to “Safeguard” Strong U.S. Economy in the Face of Coronavirus

The following press release was published by the U.S. Congress Committee on Ways and Means on March 13, 2020. It is reproduced in full below.

Washington, D.C. - The top Republican on the House Ways and Means Committee Kevin Brady (R-TX) released the following statement after the Federal Reserve announced its decision to lower interest rates:

“I appreciate the Fed’s action to safeguard the gains we’ve made in the face of challenges, and urge my fellow Democrats to reconsider their plans to raise taxes. America’s economy is more resilient thanks to the pro-growth economic reforms put in place by President Trump and congressional Republicans, ensuring that our growth outpaced the rest of the G7 countries during a global downturn."

Source: U.S. Congress Committee on Ways and Means