Trio of US Senators Including Elizabeth Warren Ask Fed Chair Jerome Powell To Cut Rates by 75 Basis Points

A trio of Democratic senators want the U.S. Federal Reserve to cut the federal funds rate by 75 basis points this week. In a public letter penned to Fed Chair Jerome Powell, Elizabeth Warren (D-Massachusetts), Sheldon Whitehouse (D-Rhode Island) and John Hickenlooper (D-Colorado) argue that recession risks and a softening labor market justify significant rate […] source: https://dailyhodl.com/2024/09/18/trio-of-us-senators-including-elizabeth-warren-ask-fed-chair-jerome-powell-to-cut-rates-by-75-basis-points/