Sen. Warren tears into Fed while doubling down on calls for massive rate cut: 'Putting the economy at risk'
Published On Sep 17, 2024, 10:02 AM
Senator Elizabeth Warren has criticized Federal Reserve Chair Jerome Powell for delaying interest rate cuts, calling for a significant cut of 75 basis points to stabilize the economy. Warren, along with two colleagues, argues that prolonged high rates have endangered economic stability and are behind current inflation trends. They are urging rapid action from the Fed to prevent further economic risks ahead of potential electoral challenges.
Stock Forecasts
SPY
Positive
If the Federal Reserve follows Senator Warren's calls for an aggressive cut, it could signal market optimism and potential growth in rate-sensitive sectors.
QQQ
Negative
Conversely, if the Fed does not comply with calls for a large cut and keeps rates unchanged, it may lead to market volatility and bearish sentiment on broader indices.
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