Warren Demands Fed Rate Cut

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Federal Reserve

Common Dreams

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Warren Tells Fed Chair Powell to 'Cancel His Summer Vacation' and Cut Rates Now | Common Dreams

Summary

Nutrition label

79% Informative

Sen. Elizabeth Warren says Fed Chair Jerome Powell "made a serious mistake not cutting interest rates" Warren : "He's been warned over and over again that waiting too long risks driving the economy into a ditch" The central bank's policy-setting group opted to hold rates at 5.25% to 5.5% for the 12th consecutive month .

Warren and other Democratic lawmakers have blamed Fed policy for worsening the nation's housing crisis.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

https://www.ft.com/content/11bc931f-5c5e-4e3c-9ceb-9bdca25430ad https://www.cnbc.com/2024/07/16/trump-says-he-would-let-fed-chair-powell-finish-his-term-if-he-wins-in-november-bloomberg-reports.html https://www.politico.com/news/2024/07/11/inflation-slows-rate-cuts-economy-00167533 https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm https://groundworkcollaborative.org/news/groundworks-bilal-baydoun-on-july-jobs-report-it-is-solely-in-the-hands-of-the-fed-to-deliver-a-major-rate-cut-immediately/https://www.whitehouse.gov/briefing-room/statements-releases/2021/11/22/president-biden-nominates-jerome-powell-to-serve-as-chair-of-the-federal-reserve-dr-lael-brainard-to-serve-as-vice-chair/https://www.nytimes.com/2024/05/14/business/economy/interest-rates-inequality.html https://twitter.com/revolvingdoorDC/status/1819377909435359430 https://www.ft.com/content/fcdf997f-5704-4ebb-8b77-a2e85a994e7e https://www.bloomberg.com/news/articles/2024-07-16/wall-street-economists-see-compelling-case-for-fed-to-cut-now https://twitter.com/SenWarren/status/1819367068338192784 https://cepr.net/job-growth-slows-to-114000-in-july-unemployment-rises-to-4-3-percent/https://www.marketwatch.com/story/fed-holds-rates-steady-wanting-to-see-more-progress-on-inflation-before-cutting-8b0849d5 https://www.bls.gov/news.release/empsit.nr0.htm https://www.epi.org/blog/slowing-job-growth-makes-clear-that-the-fed-has-waited-too-long-to-cut-interest-rates/https://www.bls.gov/opub/ted/2022/consumer-prices-up-9-1-percent-over-the-year-ended-june-2022-largest-increase-in-40-years.htm

Source diversity

www.ft.com www.cnbc.com www.politico.com www.federalreserve.gov groundworkcollaborative.org www.whitehouse.gov www.nytimes.com twitter.com www.bloomberg.com cepr.net www.marketwatch.com www.bls.gov www.epi.org

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