Three Democratic senators said in a letter to the Federal Reserve that it was time to cut interest rates, adding that the Fed should abandon its 2 percent inflation target.
The senators argued that a high interest rate environment designed to keep inflation at bay exacerbated the inflation problem by driving up the cost of housing, construction and auto insurance, and risked pushing the economy into recession that would "push thousands of American workers out of work".
Democratic senators sent a letter to the Federal Reserve suggesting a rate cut
2024-06-11 09:52:14
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
民主党参议员致信美联储建议降息Next article：
Ripple已完成对纽约加密信托公司Standard Custody&Trust Company的收购
