The Federal Reserve chairman has admitted that at least 2 million people could lose their jobs if interest rates keep rising As chairman of the Federal Reserve board, Jerome Powell is making his semi-annual policy report to Congress this week. I have an urgent question for Powell that I hope members of Congress will also ask: how can he justify further rate hikes in light of America's staggering inequality? Powell and his colleagues on the Fed's open market committee are considering pushing inte...
The US central bank is poised to cause untold hardship to millions of Americans | Robert Reich
The Guardian - 8 Mar 2023 16:05
The Federal Reserve chairman has admitted that at least 2 million people could lose their jobs if interest rates keep rising As chairman of the Federal Reserve board, Jerome Powell is making his semi-annual policy report to Congress this week. I have an urgent question for Powell that I hope members of Congress will also ask: how can he justify further rate hikes in light of America's staggering inequality? Powell and his colleagues on the Fed's open market committee are considering pushing inte...
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