Democratic discontent brews with Federal Reserve

Discontent with the Federal Reserve is brewing among Democrats, even those who voted earlier this month to confirm Fed chairman Jerome Powell for another 4-year term.

 

With inflation at 40-year highs and the prospect of a recession looming large over midterm elections later this year, Democrats are worried the economy could cost them their majorities.

 

And the feeling in the party is that if the Fed had acted quicker, Democrats might not face such tough headwinds.