Sen. Elizabeth Warren (D-Massa.) Leaves the blame for the increasingly larger economic prospects of the Federal Reserve on President Donald Trump’s Trade and rate policy.
What happened: On Wednesday, Warren posted on X, stating Fed Chair Jerome Powell’s Recent testimonies of the congress to claim that Trump’s rates stimulate inflation and hinder the much -needed monetary policy package of the Federal Reserve.
“Chairman Powell confirmed that Trump’s stupid trade war stimulates the forecast of the FED of higher inflation,” she said, adding that “the Fed now not only this year, but for the next two years,” the FED now sees lower growth and higher prices, but as a result of the administration’s rate policy.
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Warren concludes that “Donald Trump stands in the way of lower rates and lower costs for Americans”, while sharing a video clip of Powell’s testimony about this.
In the fragment, Warren is seen that he asks targeted questions to Powell, starting with “what has changed in the past six months”, which the FED has led to higher inflation and unemployment rates, in addition to lower economic growth than in December.
Powell responded by recognizing the role of rates in the updated prospects of the FED and saying that “part of it is only a signal of new data reports, and part of it is the possible effects in the short term of rates,” while adding that the FED does not comment on the wisdom of trade policy.
“Our predictions are very similar to what external predictions are,” he noticed.
Warren grabbed this to double her criticism of Trump and said that “Donald Trump has become president and the economy is told.”
She adds that the Fed does not see a long -term boost for the economy, or a decrease in inflation of all this, so “in other words,” she says, “no benefit on Trump’s chaotic rate or his other economic policy.”
Why it matters: Warren, an old critic of the Trump government, has come across the economic policy of the latter policy in recent months.
This week she sought the “One Big, Beautiful Bill”, which she says she offers large tax benefits for companies such as Meta Platforms Inc. Meta.
She also called repeatedly to block the congress to block Trump’s ability to impose new rates through the legal justification he uses to do this, not to do this.
Last week she warned that “the FED is excluded by the president’s chaotic economic policy,” while adding that Americans earned lower costs and interest rates, but were stopped by Trump and his “reckless rates”.
Photo Coreignity: Sheila Fitzgerald / Shutterstock.com
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