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Senator Elizabeth Warren Urges Fed Chair Jerome Powell To Cut Interest Rates
In a recent letter to Federal Reserve Chair Jerome Powell, U.S. Senators Elizabeth Warren, Jacky Rosen, and John Hickenlooper have urged a reduction in the Fed interest rate. The Fed interest rates currently stand at a two-decade high of 5.5 percent. The senators argue that the high interest rates are exacerbating the economic burden on working Americans.
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