#shorts Kennedy said, “All right, let me ask you a couple more questions. So, putting aside all the politics here, we’re talking about people’s lives. If we don’t reduce the rate of growth of spending and debt accumulation, Jay Powell’s going to do what he’s got to do to get control of inflation, and he’s going to keep raising rates. And that’s going to put people out of work. He doesn’t want that. But if he has to raise rates between seven and eight percent, then that could put six, seven, eight million people out of work.”

On 5/4/2023, The United States Senate Committee on the Budget held a hearing on the Republican debt limit bill passed in the House. Witnesses include Mark Zandi, Chief Economist at Moody’s Analytics; Abigail Ross Hopper, President and CEO of Solar Energy Industries Associations; Brian Riedl, Senior Fellow at Manhattan Institute. They testified before the Senate Budget Committee as the panel holds a hearing on the Republican proposal to address the debt limit, which passed in the House last week, at the Capitol in Washington.

other clips of this published longer video is here: https://youtu.be/zTAfR-eN00I
Kennedy: Jay Powell ‘s going to keep raising rates 6% & 7%, 8 million people out of work