The Federal Reserve’s policy of steep interest-rate hikes is not helping the struggling economy and is instead hurting working Americans, Sen. Bernie Sanders said Sunday.
— Sen. Bernie Sanders “I think it is wrong to be saying that the way we’re going to deal with inflation is by lowering wages and increasing unemployment,” the Vermont independent said in an interview with NBC News’ “Meet the Press.”
U.S. inflation has soared to 40-year highs this year, with year-over-year inflation slackening to 8.2% in September, according to data released Thursday. That’s down from a 41-year-high of 9.1% in June.
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Sanders criticizes Fed, touts Dems as “preferable' candidates for working classSen. Sanders says Dems are more 'preferable' candidates for working class voters in the upcoming midterms. “[A]t a time when half our people are living paycheck to paycheck, we should raise the minimum wage to a living wage. No Republicans support that.”
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'We Won!': Workers Vote to Become Second Unionized US Apple Store'It's time for Apple to treat its workers with respect,' said Sen. BernieSanders, congratulating workers at an Oklahoma City store who voted to form the company's second U.S. retail union.
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Inflation remains persistently high at 8.2%—a 'tremendously unwelcome negative surprise,' says economistThe rate of inflation was higher than expected, and remains elevated at 8.2% year over year, with more interest rate hikes almost certain to follow.
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White House’s Rouse says Fed inflation push starting to work(Bloomberg) — The Federal Reserve’s interest-rate hikes to bring inflation under control are starting to work, while President Joe Biden is doing everything possible to support the US c…
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Xi says China will seek to lift birth rate in face of ageing populationChina will enact policies to boost its birth rate, President Xi Jinping said on Sunday, as policymakers worry that an imminent decline in China's population could hurt the world's second-biggest economy.
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