Elizabeth Warren ‘takes on’ Jerome Powell
Sky News Business Editor Ross Greenwood says Democrat Senator Elizabeth Warren “really does take on” US Federal Reserve Chairman Jerome Powell in a verbal exchange over rising interest rates.
Ms Warren asked Mr Powell whether the US Federal Reserve’s raised interest rates would affect gas and food prices for families.
“I would not think so, no,” Mr Powell said.
“The reason I am so concerned about this is rate increases make it more likely that companies will fire people and slash hours to shrink wage cost … rate increases also make it more expensive for families to do things like borrow money for a house,” Ms Warren told Mr Powell.
( Source : Sky News Australia Youtube Channel )
- Kamala Harris waiting for Joe Biden to ‘fall asleep’ so she can ‘take over’ | Australian News video
- Peter Campion, father of Barnaby Joyce’s partner Vikki Campion, to take on Bob Katter | Australian News
- Breaking News – NSW Covid-19 update: 35 additional deaths in south-west Sydney aged care facilities this year