A resolution expressing the sense of the Senate that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee should take immediate steps to lower interest rates to support economic growth, job creation, and affordability for American families and businesses.

• Families would face lower borrowing costs and better access to affordable credit for home ownership and education, easing pressure from higher prices.
• Small businesses and domestic industries would benefit from cheaper loans, encouraging investment in housing, manufacturing, and technology.
• Consumers and the broader economy would see policies intended to lift consumer spending and support job creation.

*Supporters cited in the resolution say lowering rates could reduce federal interest costs by about $360.0 billion per percentage point, implying potential savings to the federal budget.*