Home All NewsBusiness NewsU.S. Senate Majority leader Schumer concerned about Fed rate rise effect on economy

U.S. Senate Majority leader Schumer concerned about Fed rate rise effect on economy

by Reuters

(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.”

(Reporting by Moira Warburton and Susan Heavey in Washington; writing by Costas Pitas; Editing by Eric Beech)

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