[Congressional Record Volume 141, Number 21 (Thursday, February 2, 1995)]
[House]
[Page H1078]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


                    THE FEDERAL RESERVE DID IT AGAIN

  (Ms. DeLAURO asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. DeLAURO. Mr. Speaker, well, they did it yesterday. The Federal 
Reserve secretly met to raise interest rates, and in so doing raised 
the cost of living for every American family.
  Connecticut, my home State, has just emerged from the recession, and 
working people were just beginning to feel more confident again. But 
the Federal Reserve dashed those hopeful feelings, and they stole that 
sense of confidence from the people that I represent. The promise of an 
improving economy and all that means for working families in this 
Nation has been dashed by the Federal Reserve's action.
  I meet with my constituents every Saturday morning at supermarkets 
all over my district, and on many occasions they have asked me to stand 
in their shoes, to understand their pain, feel their hurt.
  Well, today I pass that advice on to Allen Greenspan and the Federal 
Reserve. Come out of the secret meetings, leave the hallowed boardrooms 
of Wall Street and visit the living rooms of West Haven and Hamden, CT. 
Take the challenge my constituents have given me. Walk in their shoes 
before you do this again.

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