Another day of central economic planning is upon us, and the Federal Reserve has raised interest rates once again. In other words - more price fixing.
Senator Elizabeth Warren was not happy with the decision:
Senator Elizabeth Warren was not happy with the decision:
We want to bring down inflation, but that means landing the plane not crashing it. Chair Powell should pause his interest rate hikes and remember his dual mandate: fight inflation without throwing millions out of work.
— Elizabeth Warren (@SenWarren) February 1, 2023
What a situation.
Elizabeth Warren - who has no idea what interest rates should be - is criticizing Jerome Powell - who also has no idea what interest rates should be!
