Actually?
Home buyers and mortagage companies ain’t either….
You can add the American consumer to the list….
President Biden and Democrats are ALSO getting politically screwed with this….
Progressive Democrats are ripping the Federal Reserve over deepening concerns the central bank could drive the U.S. into recession amid sky-high inflation not seen in four decades.
Top liberal lawmakers are urging the Fed to stop hiking interest rates and slowing the U.S. economy, insisting that it’ll do nothing to curb inflation while plunging millions into joblessness.
Progressive Democrats are ripping the Federal Reserve over deepening concerns the central bank could drive the U.S. into recession amid sky-high inflation not seen in four decades.
Top liberal lawmakers are urging the Fed to stop hiking interest rates and slowing the U.S. economy, insisting that it’ll do nothing to curb inflation while plunging millions into joblessness….
…
Concerns about the economy, and more specifically the cost of living, are top of mind for voters three weeks away from the 2022 midterm elections. High inflation and recession fears are likely to cost Democrats their majority in the House and could also give Republicans control of the Senate, derailing President Biden’s domestic agenda….
…
Higher Fed interest rates may also ratchet up the pressure felt by American families. And while a recession is unlikely to begin this year, Democrats are blasting the Fed for pushing the U.S. closer to a downturn.
“Chair Powell told the Senate Banking Committee that interest rate hikes won’t lower food or gas prices, but he has said it will bring ‘pain’ to working people. I’ve been ringing the alarm about these extreme rate hikes, and so have a broad coalition of economists from Paul Krugman to Greg Mankiw. Throwing millions of Americans out of work is not the solution to fight inflation,” said Sen. Elizabeth Warren (D-Mass.) in a Thursday statement.
The looming midterm elections are forcing Democrats to reckon with voters’ concerns about the economy. But the backlash from Warren and Sanders — both of whom opposed Biden’s renomination of Powell — also comes amid deepening fears among experts….
Note….
Few remember the Republican calls for cutting of the Federal Reserve’s power’s in the past….
A new GOP majority in Congress could renew that….