STATEMENT BY JOHN MCCAIN ON FED INTEREST RATE CUTS

U.S. Senator John McCain's presidential campaign today released the following statement by John McCain on the Federal Reserve's interest rate cuts:

"Financial market events raise the urgency of cutting taxes and pro-growth policies in the United States. Last week I offered a strong, pro-growth plan to immediately stimulate the economy and strengthen it over the long term. The role of the Federal Reserve is to ensure that our financial markets are well-functioning and to support economic growth. I am confident that the action taken this morning to cut two key rates will support these goals. The U.S. economy has proven to be quite resilient. I am concerned about financial market events, but with the right leadership and pro-growth policies the economy can weather this upheaval."