WASHINGTON – U.S. Senator and member of the Banking, Housing, and Urban Affairs Committee Kevin Cramer (R-ND) issued the following statement after meeting with Federal Reserve Chairman Jerome Powell:
“Community banks and credit unions are vital parts of the North Dakota economy. I stressed their significance to Chairman Powell and asked him to consider their input when implementing policies. The Chairman and I also discussed the importance of agricultural lending, especially with North Dakota’s producers experiencing low commodity prices. This has been a time of uncertainty for the agricultural community, and I urged the Federal Reserve Chairman to do his part in providing stability and consistency for our farmers and ranchers.”
