"Warning from Elizabeth Warren: Trump's Fed Power Grab Threatens Global Economic Stability"
Senator Elizabeth Warren has warned that President Donald Trump's attempts to exert control over the Federal Reserve are a "terrible" and "undermining" move for the US economy, which in turn would have far-reaching consequences globally.
The Massachusetts senator, who chairs the Senate banking committee, took aim at Trump's latest power play, where the Department of Justice launched a criminal investigation into Fed Chairman Jerome Powell. Warren sees this as an attempt by the President to micromanage monetary policy, which has been met with resistance from Powell and some Fed officials who argue that they must rely on data-driven decision-making.
"This is terrible for our economy," Warren stated, adding that Trump's actions would undermine America's influence around the world. "He's burning down the gold standard for data-driven monetary policy, and that will be costly to the United States."
Warren's comments came during a speech at the National Press Club in Washington D.C., where she outlined her vision for the Democratic party's future, focusing on economic policies that prioritize working-class families over wealthy donors. She emphasized the need for Democrats to earn trust with the electorate by taking on powerful interests and advocating for lower costs for average American families.
The senator also used Trump's rhetoric as a teachable moment for Democrats. "Donald Trump stood up every day for a solid year promising to lower costs for American families," Warren noted, only to see costs rise due to Trump administration policies. This, she argues, is the moment for Democrats to stand up and call out the President's betrayal while laying out their own agenda.
Warren's message suggests that her party must move beyond simply criticizing Trump and focus on offering a compelling alternative that addresses the concerns of working-class Americans. By doing so, they can rebuild trust with voters and create a "sturdy big tent" for the Democratic party ahead of the 2026 midterm elections.
Senator Elizabeth Warren has warned that President Donald Trump's attempts to exert control over the Federal Reserve are a "terrible" and "undermining" move for the US economy, which in turn would have far-reaching consequences globally.
The Massachusetts senator, who chairs the Senate banking committee, took aim at Trump's latest power play, where the Department of Justice launched a criminal investigation into Fed Chairman Jerome Powell. Warren sees this as an attempt by the President to micromanage monetary policy, which has been met with resistance from Powell and some Fed officials who argue that they must rely on data-driven decision-making.
"This is terrible for our economy," Warren stated, adding that Trump's actions would undermine America's influence around the world. "He's burning down the gold standard for data-driven monetary policy, and that will be costly to the United States."
Warren's comments came during a speech at the National Press Club in Washington D.C., where she outlined her vision for the Democratic party's future, focusing on economic policies that prioritize working-class families over wealthy donors. She emphasized the need for Democrats to earn trust with the electorate by taking on powerful interests and advocating for lower costs for average American families.
The senator also used Trump's rhetoric as a teachable moment for Democrats. "Donald Trump stood up every day for a solid year promising to lower costs for American families," Warren noted, only to see costs rise due to Trump administration policies. This, she argues, is the moment for Democrats to stand up and call out the President's betrayal while laying out their own agenda.
Warren's message suggests that her party must move beyond simply criticizing Trump and focus on offering a compelling alternative that addresses the concerns of working-class Americans. By doing so, they can rebuild trust with voters and create a "sturdy big tent" for the Democratic party ahead of the 2026 midterm elections.