© Reuters. FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) faces reporters following the weekly Senate Democratic lunch on Capitol Hill in Washington, U.S., March 29, 2022. REUTERS/Evelyn Hockstein
(Reuters) – U.S. Senate Majority Leader Chuck Schumer told reporters on 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.”
Source: Investing.com
