Rep. Horsford Discusses the Fed's Interest Rate Increase

It is important to understand the current economic situation in which we find ourselves. After more than a decade of historically low-interest rates, practically at zero, corrections are now being made. This is not just a problem in the United States, but a global issue related to inflation. That is why our congress is working tirelessly every single day to reduce the cost of everything from housing and child care to prescription drug prices. We must all work together to find solutions to these challenges.