​Election Interference? Elizabeth Warren Urges Fed To Cut Rates By 75bps… – Tyler Durden

Election Interference? Elizabeth Warren Urges Fed To Cut Rates By 75bps… Authored by Mike Shedlock via MishTalk.com, A trio of Democrat Senators wrote Jerome Powell begging for a three-quarter point cut. Letter to Powell Here is the Letter to Powell from Sens. Elizabeth Warren (D-MA), John Hickenlooper (D-CO) and Sheldon Whitehouse (D-RI). We write today to urge the Federal Reserve (Fed) to cut the federal funds rate, currently at a twodecade-high of 5.3 percent, by 75 basis points (bps) at the Federal Open Market Committee (FOMC) meeting on September 17 and 18, 2024. Given the Fed’s confidence in inflation moving towards its…  — Continue at ZeroHedge News : Read More