The Federal Reserve's interest rate hikes are having a negative impact on the economy. "Interest rates are killing our industry," said an executive from the transportation equipment sector. AdvertisementAdvertisement"High interest rates are affecting industrial production like never before... interest rates have placed an inverted incentive to grow due to a major slowdown in capital equipment expenditures. This is the time to stop raising interest rates," one survey respondent in the computer and electronic product manufacturing industry said. Finally, a survey respondent from the transportation equipment manufacturing industry had this to say about what the Fed is doing with interest rates: "Interest rates are killing our industry."

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Persons: Jerome Powell, Jackson Organizations: Dallas Fed's, Dallas Fed's Texas Manufacturing, Federal Reserve Bank of Dallas, Federal Locations: Dallas Fed's Texas, Dallas