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Ignoring Warnings of Mass Job Loss, Fed Hikes Rates to Highest Level in Decades

“Governor Jerome Powell speaks at Brookings panel, ‘Are there structural issues in U.S. bond markets?’” by BrookingsInst is licensed under CC BY-NC-ND 2.0. By Kenny Stancil / Common Dreams Progressives on Wednesday rebuked the U.S. Federal Reserve for raising interest rates by another 25 basis points, arguing that the move threatens to throw millions of people out of work while failing to address the root causes of inflation. Wednesday’s interest rate hike the 11th in 16 months pushes benchmark ....

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