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.