Senator Elizabeth Warren Pushes for Federal Reserve Chair Jerome Powell to Lower Interest Rates
In a letter addressed to Jerome Powell, Chair of the Federal Reserve, Senator Elizabeth Warren, alongside Senators Jacky Rosen and John Hickenlooper, expressed their strong recommendation for a reduction in the current Fed interest rates. These rates have soared to a remarkable two-decade peak of 5.5 percent, ultimately causing significant financial strain on the American workforce.
Isla MacKenzie covers Web3 culture, NFTs and the metaverse from Edinburgh. A former product writer at Sky and CodeBase, she has been on the BTCNews team since 2022 and runs our weekly Creators newsletter. Isla studied Digital Humanities at the University of Edinburgh and was named one of CityAM's '30 Under 30 in Crypto' in 2024. She writes about culture without losing sight of the underlying tech.
