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Senator Warren worries that Fed will tip US economy into recession

The US central bank's chief warned on Friday that Americans were headed for a painful period of slow economic growth and possibly rising joblessness as the Fed raises interest rates to fight inflation

US Senator Elizabeth Warren
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US Senator Elizabeth Warren

Reuters Washington
Democratic U.S. Senator Elizabeth Warren said on Sunday that she was very worried that the Federal Reserve was going to tip the nation's economy into recession and that interest rate hikes would put people out of work.
 
"Do you know what's worse than high prices and a strong economy? It's high prices and millions of people out of work. I am very worried that the Fed is going to tip this economy into recession," Warren told CNN on Sunday.
 
The U.S. central bank's chief, Jerome Powell, warned on Friday that Americans were headed for a painful period of slow economic

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First Published: Aug 28 2022 | 7:57 PM IST

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