Hi there,

There has never been a more urgent time for courageous, daily, independent news. Media is essential to the functioning of a democratic society. Can you support Democracy Now! with a $15 donation today? With your contribution, we can continue to go to where the silence is, to bring you the voices of the silenced majority – those calling for peace in a time of war, demanding action on the climate catastrophe and advocating for racial and economic justice. Every dollar makes a difference. Thank you so much!

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

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 democracynow.org. 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
Top