Senator Jerry Moran speaks in Topeka about economy, inflation and more

TOPEKA, Kansas (WIBW) – U.S. Senator Jerry Moran answered questions on a variety of topics during a stop in Topeka Wednesday morning.

Senator Moran (R-Kan.) spoke of a new dynamic in the Democratic Party, as Kamala Harris is expected to accept a nomination as the Democratic candidate this week.

“There seems to be a growing enthusiasm, particularly on the Democratic and potentially independent side, for the person who might be nominated this week, who will be nominated this week,” Moran says.

He also mentioned a new Federal Trade Commission (FTC) rule banning non-compete agreements, saying a decision like this is best left to the democratic process.

“I don't think the FTC has the authority to do what it's doing,” Moran says. “And if there needs to be a repeal or a change in the laws governing these contracts, employment contracts, it needs to be done by Congress, not by this federal agency.”

He concluded his remarks on the economy by expressing hope that the Federal Reserve would cut interest rates in September.

“I hope the economy is in a situation where the Federal Reserve can lower interest rates,” he says. “The Federal Reserve is independent. It makes these decisions without Congress or the president, and that would be good news because it would mean that we are back on track to getting inflation under control and that conditions are better for ever-increasing costs.”

A disappointing jobs report shows weaker growth last year than originally expected, which Moran said could be a sign for the central bank.

“It's sad,” says Moran. “We want a growing economy, but this is good news. It would be an indication that the Federal Reserve should lower interest rates to encourage economic growth, create more jobs and more opportunities.”

The U.S. Senate is scheduled to reconvene on September 9, 2024.

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