Asked how likely she thinks it is “that a recession is coming if the interest rates continue to go up,” the multi-millionaire socialist Warren said, “I am very worried about this because of the causes of inflation, things like the fact that COVID is still shutting down parts of the economy around the world, that we still have supply chain kinks, that we still have a war going on in Ukraine that drives up the cost of energy, and that we still have these giant corporations that are engaging in price gouging.”
Fact check: those are not the causes of inflation. The Biden administration’s Democrat policies are the causes of today’s inflation.
“There is nothing in raising the interest rates, nothing in Jerome Powell’s toolbag that deals directly with those, and he has admitted as much in congressional hearings when I’ve asked him about it. Do you know what’s worse than high prices and a strong economy? It’s high prices and millions of people out of work. I’m very worried that the Fed is going to tip this economy into recession.”
Again, it’s not the Fed that is going to lead this country into recession — it’s the Biden administration’s economy-destroying policies.