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In the wake of Federal Reserve Chairman Jerome Powell’s announcement that the central bank was ready to begin cutting interest rates, Sen. Elizabeth Warren (D-MA) is demanding a 75-basis-point slash.

In a speech on Friday, Powell declared, “The time has come for policy to adjust. The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.”

While he did not specifically state when the change would occur, it is widely assumed he was referring to the mid-September meeting of the central bank’s policy making Federal Open Market Committee. Powell also avoided hinting how much of a rate cut could be pursued.

Today, Warren took to X (formerly Twitter) with her own suggestion.

“It’s time for a big cut in interest rates by the Fed — at least 75 basis points,” she tweeted. “Chair Powell already admitted he’s waited too long. Delay puts too many jobs at risk and threatens our entire economy.”

Warren has been a longtime critic of Powell, publicly demanding that he cut the federal funds rate in June while further demanding in July that he return from his summer vacation to enact an emergency rate cut following a weaker than expected jobs report.

To date, Powell has never publicly responded to Warren’s criticism of his work or her suggestions on how he should do his job.

Photo: Gage Skidmore / Flickr Creative Commons