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U.S. Senate Majority leader Schumer concerned about Fed rate rise effect on economy

Published 03/22/2023, 02:57 PM
Updated 03/22/2023, 03:02 PM
© Reuters. FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) faces reporters following the weekly Senate Democratic lunch on Capitol Hill in Washington, U.S., March 29, 2022. REUTERS/Evelyn Hockstein

(Reuters) - U.S. Senate Majority Leader Chuck Schumer told reporters on Wednesday he was concerned about the effect of a Federal Reserve decision to raise interest rates by a quarter of a percentage point.

"There are competing equities on both sides," said Schumer. "I will say I am concerned about its effect on the economy."

Latest comments

He should've thought about that after voting for $1.9 trillion 2 years ago
Pigs got to wiggle
I guess we have nothing to fear since he is wrong 100% of the time
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