Lawmakers should be concerned about October’s 7.7% year-over-year inflation rate, particularly Democratic politicians whose policies have exacerbated the issue. However, it appears that some well-known Democrats are completely unaware of their role in inflation. Sen. Elizabeth Warren (D-MA) criticized Federal Reserve Chairman Jerome Powell on Meet the Press this month for hiking interest rates to fight inflation. She said that hiking rates would have no effect on rising prices and run the risk of a recession: “The Fed has gone way out on the extreme,” she said, expressing profound concern for the higher expenses to people. However, if the…
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