Rep. Andy Barr (R-KY) “whips “inflation” by enacting President Donald Trump's economic agenda, cutting taxes, cutting spending with Doge and unleashing energy control “He told Breitbart News.
The Labor Department said Wednesday that consumer prices rose 3% in January, demonstrating a more sustained phenomenon inflation and increasing inflation.
Barr, chairman of the House Financial Services Committee's Financial Institutions Subcommittee, has sent a clear signal that President Donald Trump's historic landslide elections “Americans are tired of inflation.” “We want to end the affordable price crisis,” he said.
“Together with President Trump, we will unleash control of America's energy. We will cut our spending. These are two extremely focused on providing more energy to this economy. “It's a non-conflict policy,” he explained. .
Kentucky conservatives said Federal Reserve Chairman Jerome Powell was in front of the committee Wednesday morning, saying inflation was still “stuck” beyond the federal 2% inflation target. “He said he is doing this. He continued:
One way to solve that problem is to unlock President Trump's economic policies, his economic agenda, his energy control, and, reducing shortages, expanding economic growth, and increasing the overall economy, and debt. It's about reducing taxes to shrink as share. Out of the overall economy, we will reduce wasteful spending support Doge support spending reforms and begin reducing deficits.
Barr said:
And when we do that, we send a noble signal to the bond market. So for 10 years, the long-term yielding edge begins to fall. That means mortgage rates are falling, and credit card debt and all other rates are falling, making life more affordable for working middle-income Americans who elected Donald Trump. . ”
Treasury Secretary Scott Bescent recently I said Trump focuses on 10-year financial yield reductions that affect borrowing costs, such as mortgage rates and car loan fees.
Barr pointed out that once Congress really starts to cut spending, the Federal Reserve will cut interest rates, which will reduce the costs of serving American debt.
He said, “That's our goal and we're sure we can do that with Congressional Republicans and President Trump.”
Sean Moran is a policy reporter for Breitbart News. Follow him with x @seanmoran3.
