EXPOSED: The Lies Behind Fed Hikes And How It Harms Workers
September 29, 2022
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10:52Now PlayingEXPOSED: The Lies Behind Fed Hikes And How It Harms Workers
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as posted by the channelFederal Reserve Chair Jerome Powell thinks raising interest rates is the right move to make, which would hurt workers and raise unemployment. Jessica Burbank and Wosny Lambre discuss on The Young Turks. Watch LIVE weekdays 68 pm ET.
Read more HERE
"In case the U.S. economy wasn't hurting enough already, the Federal Reserve has a message for Americans: It's about to get much more painful.
Fed Chair Jerome Powell made that amply clear last week when the central bank projected its benchmark rate hitting 4.4% by the end of the year — even if it causes a recession.
'There will very likely be some softening of labor market conditions,' Powell said in his September 21 economic outlook. 'We will keep at it until we are confident the job is done.'"
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