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Summary

Warren Demands Fed Rate Cut

This is a news story, published by Common Dreams, that relates primarily to Warren news.

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Federal Reserve
Common Dreams

Common Dreams

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

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

81

Informative language

79

Neutral language

52

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

16

https://www.ft.com/content/11bc931f-5c5e-4e3c-9ceb-9bdca25430adhttps://www.cnbc.com/2024/07/16/trump-says-he-would-let-fed-chair-powell-finish-his-term-if-he-wins-in-november-bloomberg-reports.htmlhttps://www.politico.com/news/2024/07/11/inflation-slows-rate-cuts-economy-00167533https://www.federalreserve.gov/monetarypolicy/fomccalendars.htmhttps://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.htmlhttps://twitter.com/revolvingdoorDC/status/1819377909435359430https://www.ft.com/content/fcdf997f-5704-4ebb-8b77-a2e85a994e7ehttps://www.bloomberg.com/news/articles/2024-07-16/wall-street-economists-see-compelling-case-for-fed-to-cut-nowhttps://twitter.com/SenWarren/status/1819367068338192784https://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-8b0849d5https://www.bls.gov/news.release/empsit.nr0.htmhttps://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

13

www.ft.comwww.cnbc.comwww.politico.comwww.federalreserve.govgroundworkcollaborative.orgwww.whitehouse.govwww.nytimes.comtwitter.comwww.bloomberg.comcepr.netwww.marketwatch.comwww.bls.govwww.epi.org

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