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The Federal Reserve announced on Wednesday that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75 to 4 percent.

Federal Reserve Chairperson Jerome Powell said during a press conference following the announcement that the "historically fast pace" of rate increases is "appropriate given the persistence and strength in inflation and low level at which we started."

DALLAS, TEXAS (November 3rd, 2022) –The U.S. Environmental Protection Agency announced that six Texas organizations will receive $3,050,010 from President Biden's Inflation Reduction Act and American Rescue Plan to enhance air quality monitoring in marginalized communities.

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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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Lawmakers Seek Answers about Consequences of Fed's Latest Economic Projections and Decision to Keep Raising Interest Rates

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Close to a dozen Democratic lawmakers called on Federal Reserve Chairman Jerome Powell to explain how many Americans will lose their jobs as a result of their efforts to mitigate high inflation.

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Sens. Elizabeth Warren (Mass.), Bernie Sanders (I-Vt.), Jeff Merkley (Ore.), and Reps. Madeleine Dean (Pa.), Jesús Garcia (Ill.), Sylvia Garcia (Texas), Katie Porter (Calif.), Stephen Lynch (Mass.), Rashida Tlaib (Mich.) and Jamaal Bowman (N.Y.) signed the letter to Powell sent on Monday.

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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AUSTIN, Texas (Texas Insider Report) — Inflation, energy prices and grocery bills are top of mind for Texas families. Instead of offering real solutions to support them, many politicians have decided to engage in partisan jabs.

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The contingent of elected officials joining the festivities included U.S. Representatives Sylvia Garcia, Sheila Jackson Lee and Al Green; Houston City Council members Karla Cisneros, Sallie Alcorn and Tiffany Thomas; and State Representative Armando Rodriguez; plus City Attorney Arturo Michel.