Congresswoman Dean and Senator Warren, with Colleagues, Warn Fed Chair that Rapid Interest Rate Hikes Could Harm Job Market and Trigger a Recession

Given the lawmakers' concerns about the consequences of the Fed's dangerous policy decisions, they are asking Chair Powell to answer a set of questions about how many millions of people the Fed estimates will be thrown out of their jobs due to interest rate hikes, and more information about these and other unemployment forecasts by November 14, 2022.

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Washington, D.C. – Congresswoman Madeleine Dean (D-Pa.); Senator Elizabeth Warren (D-Mass.); Senators Sheldon Whitehouse (D-R.I.), Jeff Merkley (D-Ore.), and Bernie Sanders (I-Vt.); and U.S. Representatives Jesus "Chuy" Garcia (D-Ill.), Sylvia Garcia (D-Texas)…