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Economists concerned rate hikes do more harm than good
The Federal Reserve has raised interest rates six times this year and Fed Chair Jay Powell suggested that a seventh hike, albeit a smaller one, is on the way next month. But some Democrats and economists worry the Fed hit the brakes too hard. Rakeen Mabud, Chief Economist and Managing Director of Policy and Research at The Groundwork Collaborative, joined William Brangham to discuss the hikes.
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