US senators are calling on the Federal Reserve to cut interest rates and warning that the Fed’s policies threaten the economy and risk a recession.

Three U.S. senators have urged Federal Reserve Chairman Jerome Powell to cut interest rates, saying high interest rates are suppressing the economy and raising home and auto insurance premiums, a major cause of inflation. They called for an immediate interest rate cut to stabilize the economy, warning that prolonged high interest rates risk a recession and rising unemployment. Senator (…)