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Powell Made a ‘Serious Mistake’ Not Cutting Rates, Warren Says

Aug. 2, 2024, 1:51 PM UTC
Alisa Parenti
Alisa Parenti

Fed Chair Jerome Powell made “a serious mistake” in not cutting interest rates, Senate Democrat Elizabeth Warren says in a post on X.

  • Powell needs to cut rates now, not wait six weeks, Warren says
  • NOTE: US Unemployment Rate Rises Again, Cementing Path to Fed Rate Cut

To contact the reporter on this story:
Alisa Parenti in Washington at aparenti7@bloomberg.net

To contact the editors responsible for this story:
Megan Howard at mhoward70@bloomberg.net

Maria Luiza Rabello

© 2024 Bloomberg L.P. All rights reserved. Used with permission.

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