WATCH: Fed Chair Jerome Powell Shuts Down Elizabeth Warren With Facts As She Goes On Unhinged Rant

In reference to the Federal Reserve’s expected monetary policy tightening, Senator Elizabeth Warren stated that approximately two million individuals will become unemployed. She requested that Fed Chair Jerome Powell clarify why it is necessary for these people to lose their jobs in order to combat inflation.

Powell then proceeded to school Warren in a crash course on economics.

Warren initially said, “Inflation is extremely high, and it’s hurting the working people of this country badly, all of them, not just 2 million of them.”

She asked, “And we are taking the only measures we have to bring inflation down. And putting 2 million people out of work is just part of the cost and they just have to bear it?

Powell slammed Warren and asked, “Will they, will working people be better off if we just walk away from our jobs and inflation remains 5, 6 percent? It’s not as black and white.”

Powell pointed out, “Right now, the unemployment rate is 3.4 percent, which is the lowest in 54 years. And we actually don’t think that we need to see a sharp or enormous increase in unemployment to get inflation under control. Even 4.5 percent unemployment is well better than most of the time for the last 75 years.”

WATCH:

Senator Elizabeth Warren says about 2 million people will lose their jobs as a result of the Fed’s anticipated monetary tightening.

She asked Jerome Powell to explain why these people must lose their jobs as part of the effort to bring down inflation https://t.co/c6Cqoi0njm pic.twitter.com/zGGR1GwWOt

— Bloomberg (@business) March 7, 2023