WASHINGTON — Sen. Elizabeth Warren took aim at the Federal Reserve’s inflation-fighting game plan on Sunday, saying she was worried the central bank will tip the U.S. economy into a recession.
“Do you know what’s worse than high prices and a strong economy?” the Massachusetts Democrat asked on CNN’s “State of the Union.” “It’s high prices and millions of people out of work. I’m very worried that the Fed is going to tip the economy into recession.”
Warren renewed her criticism of Fed Chair Jerome Powell’s monetary tightening policies, saying she doesn’t believe increasing interest rates can contain current inflationary pressures.
