Two US senators are urging Federal Reserve Chair Jerome Powell to cut interest rates to avoid an economic recession. In a new letter penned directly to Powell, Democrats Elizabeth Warren (D-Massachusetts) and Jacky Rosen (D-Nevada) argue that persistent high rates are slowing down the economy and driving up the cost of housing and insurance, which The post US Senators Pen Letter to Jerome Powell, Urging Fed Chair To Cut Interest Rates appeared first on The Daily Hodl .