“We write immediately to induce the Federal Reserve (the Fed) to chop the federal funds fee from its present, two-decade-high of 5.5 %. This sustained interval of excessive rates of interest is already slowing the economic system and is failing to handle the remaining key drivers of inflation,” Senators Elizabeth Warren (D-Mass.), Jacky Rosen (D-Nev.) and John Hickenlooper (D-Colo.) wrote, in response to a doc on the HuffPost web site.
