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Schumer Concerned About Fed Rates on Economy

Schumer Concerned About Fed Rates on Economy
Senate Majority Leader Chuck Schumer, D-New York (Francis Chung/AP)

Wednesday, 22 March 2023 03:00 PM EDT

U.S. Senate Majority Leader Chuck Schumer told reporters 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."

© 2026 Thomson/Reuters. All rights reserved.


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U.S. Senate Majority Leader Chuck Schumer told reporters Wednesday he was concerned about the effect of a Federal Reserve decision to raise interest rates by a quarter of a percentage point.
schumer, federal reserve
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2023-00-22
Wednesday, 22 March 2023 03:00 PM
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