September 16, 2026 Press Release Today, House Democratic Leader Hakeem Jeffries released the following statement:For the past 605 days, Donald Trump has unilaterally implemented an onslaught of failed, inflationary policies that have blown up our economy, leaving the Federal Reserve with no choice but to raise interest rates for the first time in three years. Make no mistake. Donald Trump owns this rate hike and is to blame for the mortgages and credit card rates that will rise as a result. Republicans promised to lower costs and stop endless wars. Instead, Donald Trump’s reckless and costly war of choice in Iran has caused the largest global energy crisis in history. Americans are paying an extra half-billion dollars a day for gas, diesel has never been more expensive and electricity bills are through the roof. At the same time, his on-again, off-again tariffs are causing the price of groceries and everyday essentials to skyrocket.In the twenty months since Donald Trump took office, the average family has spent $4,200 more just to get by, inflation is far higher and the Fed is raising rates to clean up his mess. ENOUGH.