Sen. John Kennedy (R-LA) grilled Federal Reserve Chairman Jerome Powell on Tuesday about the central bank’s repeated interest rate hikes meant to “cool the economy” as Powell put it. With inflation up 6.4% relative to a year ago and unemployment at a 50-year low, the Fed has raised interest rates to increase the cost of […]

The post ’You’re Trying to Put People Out of Work’: Senator Kennedy Corners Fed Chair, Who Says He’s Trying to ‘Cool the Economy’ first appeared on Mediaite.