Democrats press Powell to slow Fed campaign to curb inflation via rate hikes

Posted on AllSides November 1st, 2022
From The Right

Democrats are lining up to put pressure on Federal Reserve Chairman Jerome Powell to slow the Fed’s historically large interest rate hikes.

About a dozen liberal lawmakers, led by Sens. Elizabeth Warren (D-MA) and Bernie Sanders (I-VT), pushed Powell and the Fed to back away from their increasingly hawkish monetary policy, arguing that it could cause a recession and job losses across the country.

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