U.S. Senator Elizabeth Warren: Federal Reserve May Bring in Recession
Aug 29,2022,15:25
U.S. Senator Elizabeth Warren, spoke on CNN’s "State of the Union" on Sunday. While speaking with anchor Dana Bash, the senator expressed her worries regarding the Federal Reserve tipping the economy into a recession. According to Senator Warren, the current economic situation stems from supply chain disruptions, caused by the ongoing Russia-Ukraine conflict, which cannot be tended to with interest rate hikes. The US has already witnessed two consecutive quarters of negative growth, which is a typical recession sign.
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