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John Duarte: “Interest rates used to be low until inflation hit us.”

Featuring: John Duarte, Republican | Former U.S. House, California, District 13

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13th Congressional District Candidates Debate

Published | Video Starts at 40:03

Now inflation is coming. On top of that, these families are under even more stress. Steady jobs, balancing their books, a financially stable home life, the prospect of homeownership, because Interest rates used to be low until inflation hit us. All these things make it difficult to raise a stable, happy, healthy family. And as we tear the fabric of our working families apart, we're going to incur more criminality, more mental health issues, and more homelessness. (40:03–40:07)

CLAIM

Asserts that interest rates were low before inflation increased.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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