Progressives call on Federal Reserve to lower interest rates ...Middle East

Nearly two dozen progressive Democrats from the House and Senate called on the Federal Reserve to cut interest rates at its scheduled meeting this week. Sens. Bernie Sanders (I-Vt.) and Elizabeth Warren (D-Mass.) joined Rep. Pramila Jayapal (D-Wash.) and 20 more House Democrats on Monday arguing there is no longer any need for high interest rates, which have made consumer loans difficult to afford. “With core inflation already having come into line with the Federal Reserve’s target, today’s excessively contractionary monetary policy needlessly worsens housing market imbalances and the unaffordability of home ownership, creates risks for banking stability, and could threaten the achi

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Last updated : 19 March 2024 clock 01:32 AM

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Progressives call on Federal Reserve to lower interest rates ...Middle East

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