Following two years of interest rate hikes by the Federal Reserve, and just one day before the central bank’s meeting on Wednesday, Senators Elizabeth Warren and Sheldon Whitehouse, both climate alarmist Democrats, wrote a letter to Fed Chair Jerome Powell calling for an immediate halt to the interest rate hiking cycle to avert further collapse of the renewable infrastructure space.
In the letter, first obtained by Bloomberg, the senators warned that interest rate hikes have “completely tanked major renewable infrastructure projects across the country.”
They said the tightening cycle had diminished the nation’s ability to create green jobs and lower electricity costs that are critical to President Biden’s Inflation Reduction Act.
www.zerohedge.com/markets/warren-tells-powell-slash-interest-rates-save-green-bubble