Published 08/02/2024 9:53:00 p.m.

Warren hammers Powell over jobs report: 'Cut rates now'

Summary by Ground News

Sen. Elizabeth Warren (D-Mass.) slammed Federal Reserve Chair Jerome Powell for holding interest rates steady earlier this week after Friday’s jobs report came in weaker than expected.

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The Hill

Warren hammers Powell over jobs report: 'Cut rates now'

Sen. Elizabeth Warren (D-Mass.) slammed Federal Reserve Chair Jerome Powell for holding interest rates steady earlier this week after Friday’s jobs report came in weaker than expected. “Fed Chair Powell made a serious mistake not cutting interest rates,” Warren said in a post on social platform X. “He’s been warned over and over again that waiting too long risks driving the economy into a ditch.” “The jobs data is flashing red,” she added. “Po…

08/02/2024 4:04:59 p.m.·Washington, United States

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Business Insider

Elizabeth Warren says Jerome Powell needs to come back from vacation and cut interest rates now

Fed Chair Jerome Powell, Sen. Elizabeth WarrenChip Somodevilla/Getty Images, Kevin Dietsch/Getty ImagesSen. Elizabeth Warren has been a vocal critic of Fed Chair Jerome Powell's interest-rate hikes.Friday's weak jobs report suggests the Fed may have kept interest rates high for too long.Warren grilled Powell on X and said the time to cut interest rates is now.Sen. Elizabeth Warren is grilling Federal Reserve Chair Jerome Powell on social media f…

08/03/2024 1:03:34 a.m.·United States

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MarketWatch

Elizabeth Warren: Fed made ‘serious mistake not cutting rates’

Sen. Elizabeth Warren is once again being critical of the Federal Reserve and its chief Jerome Powell. “Fed Chair Powell made a serious mistake not cutting interest rates,” The Massachusetts Democrat said in a tweet on Friday. “He’s been warned

08/02/2024 7:25:24 a.m.·United States

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Alternet

Warren tells Fed Chair Powell to 'cancel his summer vacation' and cut rates now

U.S. Sen. Elizabeth Warren on Friday demanded that the chairman of the Federal Reserve immediately "cancel his summer vacation" and slash interest rates following the release of government data showing weaker-than-expected job growth and an increase in the unemployment rate last month. Warren (D-Mass.), an outspoken critic of the Fed's aggressive interest rate increases, argued in a social media post that Fed Chair Jerome Powell "made a serious…

08/02/2024 6:47:51 p.m.·Washington, United States

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