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Frank Lucas: “The Fed's trying to balance interest rates with trying to…”

Featuring: Frank Lucas, Republican | U.S. House Oklahoma, District 3

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#003 Congressman Frank Lucas - Farm Bills, Screwworms, and Fighting for the Panhandle

Published | Video Starts at 42:23

We'll see what the Fed does now on interest rates. But just as all of this stuff has driven input costs crazy for producers, so it set off inflation everywhere across the economy. And The Fed's trying to balance interest rates with trying to restrain inflation rates. And that's just going to be an ongoing struggle for the next summer and the rest of the year. But it is a fascinating committee, I promise you. (42:23–42:32)

CLAIM

Asserts that the Federal Reserve is attempting to balance interest rates while restraining inflation.

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