Senator Elizabeth Warren, a Democrat, says about 2 million people will lose their jobs as a result of the Fed’s anticipated monetary tightening. She asked Federal Reserve Chair Jay Powell today to explain why these people must lose their jobs as part of the effort to bring down inflation. Powell was testifying before the Senate Banking Committee.
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more:
Connect with us on…
Credit: YouTube/Bloomberg Television