Democrats, worried about job losses, push back on more Fed rate hikes  ...Middle East

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Democrats, worried about job losses, push back on more Fed rate hikes 
Democrats are pushing back on the Fed’s decision to keep raising interest rates, warning that it could hurt the economy and lead to thousands of layoffs.   Sen. Elizabeth Warren (D-Mass.) is warning fellow Senate Democrats that two million Americans would lose their jobs if the Fed is successful in reaching its goal of raising the national unemployment rate by one percentage point.   “The Fed has already taken extreme interest rate increases. We have never seen a slope on the rate of increase like this in modern history. The Fed should take a pause,” said Warren, a longtime critic of the financial system who has repeatedly warned that interest rate hikes will hurt working-class work

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