Democratic Senators, including Senators Warren, Rosen, and Whitehouse, are urging the Federal Reserve to cut interest rates to alleviate the financial strain on Americans caused by high housing costs and inflation. President Biden's Inflation Reduction Act will cap prescription drug costs for seniors at $2,000 a year, while also capping insulin costs at $35 per month. The senators emphasize the need for the Fed to act to lower interest rates and reduce economic pressure on families.
Rent is now the main driver of inflation — and high interest rates are making the housing affordability crisis worse. Chair Powell and the Fed need to cut rates. https://t.co/OtB6lLltET
Under President Biden’s leadership, we’re bringing down prescription drug costs. And Big Pharma is facing a crackdown on how they’ve abused the patent system to jack up prices. They need to act: https://t.co/eSO0MbwPe6
Because you voted in 2020, seniors with diabetes are now paying $35 for insulin instead of $400. I’m determined to make that apply to everyone in America during my second term.
Three U.S. senators have urged the #FederalReserve to cut interest rates, arguing that current high rates harm the economy and risk a #recession. https://t.co/kFfu70WSMv
President Biden has capped insulin for seniors at $35, cut taxes for families, and eliminated several junk fees for consumers. And we're hard at work to keep the progress going.
$BTC | Democrat Senators Urge Federal Reserve To Cut Interest Rates As Bitcoin Rally Stalls https://t.co/ywRw6zZj52
By putting more pressure on Big Pharma than ever before, @POTUS is winning big for working families, including capping: ✅ Inhalers to $35/month ✅ Insulin to $35/month ✅ Seniors’ total out-of-pocket drug costs to $2,000 per year & more! https://t.co/s3F6D4UEWr
JUST IN: DEMOCRATIC SENATORS DEMAND THE FED CUT INTEREST RATES IN NEW LETTER TO JEROME POWELL
Lowering costs for hardworking Nevadans is a top priority for me. It's why I voted to cap the cost of insulin for seniors & allow Medicare to negotiate lower drug prices. But we still have more work to do to bring costs down for ALL Nevadans.
Next time the Fed cuts rates? #bitcoin👇 https://t.co/mt42LtITm6
Three Democratic Senators Urge The Federal Reserve To Cut Rates At Its Meeting This Week https://t.co/GYXqHDuGoi
Why are US Senators writing to the Fed to cut interest rates? Retar Dio.
Elevated interest rates are threatening our economy and making it harder for American families to afford a home. As Ranking Member of the House Budget Committee, I'm calling on the Fed to begin cutting rates. Read my letter to Chair Jerome Powell with @SenWhitehouse. ⤵️ https://t.co/QEkUAV2ri8
I tried to tell you. The cuts are coming. A letter from Senators @ewarren to @Hickenlooper demanding the @federalreserve cut interest rates. https://t.co/VAppuu8pCi https://t.co/YNrk7r4OMV
The Fed's high interest rates are upping the cost of housing and insurance — that puts a real strain on people's pocketbooks. It's time for the Fed to lower interest rates. https://t.co/UeESWFIcSj
High interest rates are increasing already high housing costs for Nevadans. I’m calling on the @federalreserve to cut interest rates & help lower costs for hardworking families.
Starting next year, President Biden’s Inflation Reduction Act will cap prescription drug costs for seniors at $2,000 a year – putting money back in their pockets instead of Big Pharma’s.