SR347

Senate resolution urges Federal Reserve to lower interest rates to boost economic growth and affordability.

This resolution expresses the sense of the Senate that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should lower interest rates. The bill argues that high interest rates increase costs for goods and services, strain household finances, and reduce consumer spending. Lower rates, it says, can stimulate investment and economic activity, particularly in housing, manufacturing, and technology sectors. The resolution also notes President Trump's argument that the current Federal funds rate is too high and hinders economic expansion.