Posted on 08/29/2022 8:52:35 PM PDT by RomanSoldier19
Sen. Elizabeth Warren (D-Mass.) said Sunday she is “very worried” the Federal Reserve’s moves to fight inflation will “tip the economy into recession,” after Fed Chair Jerome Powell warned economic growth will slow as the central bank tries to combat inflation by raising interest rates.
Key Facts During a Sunday appearance on CNN’s State of the Union, Warren said hiking interest rates could put Americans out of work and won’t “deal directly” with some of the root causes of inflation, including the war in Ukraine, supply chain snags and Covid-19.
Warren’s comments were in response to a speech Powell gave Friday in which he pledged to "forcefully" combat inflation, noting it could cause a period of “below-trend growth" that would "bring some pain to households and businesses."
The senator said Sunday, "what he calls 'some pain' means putting people out of work,” adding that small businesses will be particularly vulnerable because interest rate hikes will cause the cost of borrowing to increase.
(Excerpt) Read more at msn.com ...
And Biden’s will make us Venezuela... Democrat decisions...decisions....
Pass The Buck Lizzie.
Duh! Curtailing money supply absolutely by monetary policy absolutely MUST cause a recession. It’s grade school arithmetic. They’ve tried to wish it away, but it ain’t gonna happen. Like treatment for cancer, the longer you wait the worse it will be.
Always someone else’s fault. Never Biden and RAT Policies.
Can you believe that an ignoramous moron like her actually has a national stage to spout her idiocies?
And even harder to believe is the huge number of useful idiots who listen to her!
No wonder this country is circling the toilet.
Day late and a dollar short, lady.
CC
Hello! McFly! We’re in a recession!
Anyone got a sized triple x zipper for this idiot’s mouth.
Even if she mistakenly says something that makes sense, I can’t think
of a better way to discredit sense.
*could* cause???
I think it’s clear we’re already in one.
We are already there, woke squaw.
She’s pissed because that is her job.
Broken clock, right twice a day.
More often than Squaw Gray Beaver.
A+
Buffoon, as a senator.
Faux-cahontas is a little behind the curve.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.