Assign inflation blame correctly and our problems would be solved instantly.

Politics Done Right · Jun 22, 2022 · 57m

Warren Warns Powell That Fed’s Rate Hikes Could Drive US Economy ‘Off a Cliff’: “You know what’s worse than high inflation and low unemployment? It’s high inflation with a recession and millions of people out of work,” Sen. Elizabeth Warren told Jerome Powell. Sen. Elizabeth Warren on Wednesday told Federal Reserve Chair Jerome Powell directly that the central bank’s recent decision to enact more aggressive interest rate hikes in an effort to combat inflation could push the U.S. economy “off a cliff”—and throw millions of people out of work—without reining in soaring prices. “Inflation is…