Fed Rate Hike Concerns.pdf

2022.10.31 Letter to Fed re Monetary Policy.pdf
Preview of Fed Rate Hike Concerns
🔗 Source: warren.senate.gov
📊 Size: 457 KB
👤 Author: Alberts, Branden (Warren)
⬇️ Downloads: 51

Summary

The Federal Reserve's recent economic projections and intention to continue raising interest rates have raised concerns, with warnings of "pain" for American families as the economy slows down, potentially leading to higher unemployment, with projections of a rise from 3.7% to 4.4% in 2023 and 2024, implying 1.2 million job losses, and private forecasters predicting even higher unemployment rates, with a 63% probability of recession in the coming 12 months.

Description

The Federal Reserve's recent economic projections and intention to continue raising interest rates have raised concerns, with warnings of "pain" for American...

Technical Information

  • File Format: PDF
  • File Size: 457 KB
  • Pages: 7
  • Language: EN
  • Author: Alberts, Branden (Warren)
  • Total Downloads: 51
  • Last Updated: 1 month ago

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