Elizabeth Warren: The Federal Reserve Is Trying ‘To Get More People Fired’
The Federal Reserve is coming under increasing political pressure to stop raising interest rates as aggressively as it has done so this year.
Federal Reserve chair Jerome Powell announced another rate hike Wednesday as Democrats worry Powell’s monetary policy will cause a recession.
“He’s pushing hard to get more people fired because he thinks that is one way to help bring down inflation,” Sen. Elizabeth Warren (D-Mass.) told HuffPost on Wednesday. “But it’s sure painful for the families who lose their jobs.”
The Fed fights inflation through interest rate hikes...