Getting Americans back to work is an urgent priority for all of us, and other than keeping the peace, I have no higher priority. And just as surely as lower inflation has started the interest rates tumbling, lower interest rates will reduce unemployment. Unfortunately, unemployment is always just about the last to feel a recovery. It has been in all the other seven recessions. The interest rates have to come down.
People have to be able to afford mortgages again and installment payments on cars and so forth.
And then as that takes place, more and more people go back to work. Well, the big difference now is that we're going to do it right. We're building a lasting, inflation-proof recovery instead of a quick political fix. And make no mistake about it, America's future is a future of hope, and it grows brighter each day as more people respond to the drop in inflation, tax rates, and interest rates. That's where the trends are pointing.