Several U.S. Senators have been advocating for a significant interest rate cut, pushing back against the Federal Reserve's current policy. Senators Elizabeth Warren (D-Mass.), John Hickenlooper (D-Colo.), and Sheldon Whitehouse (D-R.I.) are among the most vocal in calling for a rate reduction.
They have urged the Fed to lower the federal funds rate, arguing that the current 5.25%-5.5% level, the highest in over 20 years, is harming American families and businesses. The Senators were also quoted as arguing:
“If the Fed is too cautious in cutting rates, it would needlessly risk our economy heading towards a recession”
In addition to this, the lawmakers highlight declining inflation and the softening labor market a ...
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