United States Senator Elizabeth Warren has issued a statement ahead of the Federal Reserve's anticipated decision regarding interest rates. As the Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, Senator Warren emphasized the limited opportunity for the Federal Reserve to lower rates in order to cushion economic uncertainty.
In her statement, Warren criticized President Donald Trump and Elon Musk for contributing to this uncertainty. She said, "As I said in February, the Fed has a small window to modestly cut rates to provide a buffer to the economic uncertainty caused by Donald Trump and Elon Musk."
Senator Warren expressed concern over President Trump's failure to alleviate financial burdens on American families. "President Trump ran on lowering costs for families," she noted, "but he has done nothing to provide Americans any relief from high grocery bills and skyrocketing housing costs."
The senator warned that Trump's approach could lead to prolonged high interest rates or force a reactionary stance from the Federal Reserve due to an economic downturn. She stated that this scenario would negatively impact American workers, homeowners, and small businesses: "Either way, American workers, homeowners, and small businesses will pay the price."