Rep. Downing Says Fed Has No Choice But To Raise Rates

Rep. Troy Downing (R-MT) says that proposed $5,000 checks could add to the deficit and fuel inflation as he raises concerns about the plan’s price tag. Rep. Downing says that the Federal Reserve has “no choice” but to raise rates with inflation still above target and expects a modest increase. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg’s...