The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
June 15, 2023

Fed Pauses Interest Rate Hikes
------------------------------

The Federal Reserve has decided to hold interest rates steady, after 10
consecutive increases since early 2022. Massachusetts Senator Elizabeth
Warren welcomed Wednesday's announcement by Fed Chair Jerome Powell,
writing, "The Fed raised interest rates at the fastest pace in decades
and it needs to maintain this pause or risk throwing millions of
Americans out of work."


.