Democrats slam 'dangerous' Fed rate hikes, warning of widespread job losses

A coalition of Democratic lawmakers on Tuesday raised concerns about the Federal Reserve's aggressive interest rate hike campaign, warning of impending job losses as a result of the tighter monetary policy. 

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It was signed by Sens. Elizabeth Warren, D-Mass., Bernie Sanders, I-Vt., Sheldon Whitehouse, D-R.I., and Jeff Merkley, D-Ore., along with Reps. Rashida Tlaib, D-Mich., Katie Porter, D-Calif., Madeleine Dean, D-Penn., Jesús García, D-Ill., Stephen Lynch, D-Mass., and Sylvia Garcia, D-Texas.