US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession

Three U.S. senators person urged Federal Reserve Chair Jerome Powell to chopped involvement rates, arguing that precocious rates stifle the system and rise lodging and car security costs, which are cardinal ostentation drivers. They pass that prolonged precocious rates hazard a recession and accrued unemployment, calling for contiguous complaint cuts to stabilize the economy. Senators […]