Senator Warren Warns Fed Against Further Rate Hikes Amidst Rising Unemployment for Black Workers
Press Release
Issues: Monetary Policy
"The Fed's aggressive rate hikes disproportionately threaten Black workers and their families and risk fully reversing the extraordinary labor market gains we have seen over the economic recovery from the pandemic. I urge you to maintain your pause on interest rates hikes and fulfill your commitment to achieving maximum employment that is as broad and inclusive as possible."
BREAK IN TRANSCRIPT
"Resuming interest rate hikes this month could further derail the labor market for Black Americans. I urge you to consider the disproportionate impacts of the Federal Reserve's monetary policy on Black workers and maintain your pause on needless rate increases that threaten the economy."
Source