Job Creators Network: Rate Hike ‘A Black Eye On Administration’

Federal Reserve Chairman Jerome Powell listens to questions from the Senate Banking, Housing and Urban Affairs Committee, as he presents the Monetary Policy Report to the committee on Capitol Hill, Wednesday, June 22, 2022, in Washington. (AP Photo/Manuel Balce Ceneta)

At a glance

  • Alfredo Ortiz, president and CEO Job Creators Network, characterized the Fed’s latest rate hike as “a black eye on the Biden Administration. The Administration’s record spending spree is fueling the inflation that the Fed is desperately seeking to contain.”


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