Rep. Pressley: The Fed Needs More Sophisticated Toolkit to Tackle Inflation

‘We do need a more sophisticated toolkit for the era that we are in, to truly heal our economy’

EXCERPT:

PRESSLEY: "Well, you know, in this moment of overlapping crises from supply chain disruption to high inflation, I do believe we need precise policies that respond to the needs of the American people. The Fed knows that raising interest rates will not address the root causes of rising prices, but they will just keep doing so, even at the cost of millions of working have peoples livelihoods. We do need a more sophisticated toolkit for the era we are in, to truly heal our economy and tackle inflation responsibly.”

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