The Fed’s Powell is risking a recession to crush inflation. A lot of Democrats are ok with that.
Federal Reserve Chair Jerome Powell is slamming the brakes on the U.S. economy harder than any Fed chief in more than 40 years to kill raging inflation.
Yet, while a recent survey shows Americans are evenly divided over his efforts, there’s been little public criticism among Democrats in Congress — even though they’re the ones most likely to pay a political price if soaring interest rates send the economy into a recession.
In interviews with key lawmakers on Capitol Hill, House and Senate Democrats mostly responded to Powell’s campaign to...