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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