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…

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Written by Bourbiza Mohamed

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