Senator Elizabeth Warren Urges Fed Chair Jerome Powell To Cut Interest Rates

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.