WATCH: Sen. Warren Corners Fed Chair Over Interest Rate Hikes

[turbinetree]

It was a thing of beauty, as she asked him to explain the rate hikes to the million Americans who will lose their jobs as a result.

By Susie Madrak — March 9, 2023

You have to watch this! Elizabeth Warren stands up for working people, confronting the leader of the nation's central bank on continued interest rate hikes. Via Business Insider:

On Tuesday, Federal Reserve Chair Jerome Powell testified before the Senate Banking Committee on monetary policy actions and where inflation is headed as the US continues to recover from the pandemic. While the Fed slowed interest rate hikes in February by 25 basis points — a slowdown from the prior 50 basis point increase in December — Powell indicated that hikes will continue this year as inflation remains above the 2% pre-pandemic goal.

Warren has long criticized Powell's aggressive tactics to fight inflation. She has previously argued that continuing to hike interest rates could cost Americans jobs and trigger a recession, and she honed in on that point during the Tuesday hearing.

https://crooksandliars.com/2023/03/sen-warren-shreds-fed-chair-over-those-who

[SheltieLover]

1. Kicking for Visibility

[Deuxcents]

2. Do it soon., my IRA is on life support.. not really but it's suffering

[sprinkleeninow]

3. Yes!

[The_Casual_Observer]

4. He's a goddamn republican that kissed trump's ass and never did this.

[usonian]

5. Banks are tanking. Do we need more interest rate hikes?

NO, he can stop playing the "let's sink Joe Biden" game now.
SVB