Tom Williams/CQ-Roll Call via Getty Images
- The Fed needs to cut rates to help the struggling clean energy sector, Elizabeth Warren said in a letter to Fed Chair Jerome Powell.
- Along with Sen. Sheldon Whitehouse, Warren said that high interest rates have "completely tanked" major renewable infrastructure projects which are heavily debt-financed.
- The letter also said high rates have pushed out increases in EV production and forced companies to axe their offshore wind projects.
High interest rates are hurting the clean energy sector, and the Fed needs to do something about it, Elizabeth Warren said.