Senator Elizabeth Warren, representing Massachusetts and serving as the Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, released a statement regarding the current economic situation and its implications on inflation.
In her statement, Warren commented on Federal Reserve Chair Jerome Powell’s recent remarks regarding the anticipated stall or reversal in inflation progress. She attributed this expectation to what she described as President Trump's management of tariffs, which she believes is allowing large corporations to increase prices for consumers.
Warren expressed concerns about the signs of a weakening economy which have appeared over the past month. She noted that workers are predicting reduced income, housing prices continue to rise, and consumer confidence is on the decline. According to Warren, in order to tackle inflation effectively, the President needs to provide economic stability rather than fostering what she terms economic chaos.
To contact her office for further inquiries, individuals can reach out to the following address and phone number: 534 Dirksen Senate Office Building, Washington, D.C. 20510, (202) 224-7391.