October 16, 2022

The Federal Reserve is “hurting” the United States’ economic situation as the country prepares for a possible recession, Sen. Bernie Sanders (I-Vt.) said Sunday.

“I think they’re hurting the situation. It is wrong to be saying that the way we’re going to deal with inflation is by lowering wages and increasing unemployment,” Sanders said, asked on NBC’s “Meet the Press” whether the Federal Reserve’s recent actions have helped or hurt the economy. “That’s not what we should be doing.”

The Fed has recently taken measures to slow the economy, including raising interest rates, in an attempt to curb rising prices — moves that risk causing a recession. Chair Jerome Powell’s actions have largely had bipartisan support, with progressives including Sanders representing a minority dissent.

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