You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Fed Raises Interest Rate by Another 0.25%, Dismissing Unemployment Concerns

HeadlineMar 23, 2023

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.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation