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March 23, 2023

Fed Raises Interest Rate by Another 0.25%, Dismissing Unemployment Concerns
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The U.S. central bank has raised interest rates by another quarter of a
percent. It's the eighth time in a row the Federal Reserve has raised
the cost of borrowing, even though the Fed's own forecasts show the
hikes could cost 2 million people their jobs. Massachusetts Democratic
Senator Elizabeth Warren blasted Fed Chair Jerome Powell's decision,
tweeting, "I've warned for months that the Fed's current path risks
throwing millions of Americans out of work. We have many tools to fight
inflation without pushing the economy off a cliff."


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