Warren Says 2 Million Jobs Will Be Lost Due to Powell Policy

The video discusses the Federal Reserve's aggressive interest rate hikes aimed at controlling inflation, which is the most extreme in 40 years. The Fed's strategy is to slow the economy, potentially increasing unemployment to 4.6% by year-end, affecting 2 million jobs. Despite these measures, inflation remains high due to factors like supply chain issues and geopolitical tensions. Historically, similar rate hikes have often led to recessions, raising concerns about the current economic trajectory.

What does Chair Powell say about the consequences of raising interest rates?

According to the text, how many times has the economy avoided falling into a recession after a one percentage point increase in unemployment?