The U.S. Senate Committee on Banking, Housing and Urban Affairs published a statement from Ranking Member Senator Elizabeth Warren ahead of an upcoming Federal Open Market Committee decision, arguing that Donald Trump’s economic policies, rather than the Federal Reserve, are impeding efforts to lower prices and interest rates. The statement claims Trump has weakened the job market while raising the cost of essentials including groceries, utility bills, and health care, and accuses him of attempting to “seize control” of the U.S. central bank to benefit himself and “his billionaire friends.”
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-01-28
U.S. Senate Committee on Banking, Housing and Urban Affairs releases Warren statement ahead of FOMC decision accusing Trump of seeking control of the Federal Reserve
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement from Senator Elizabeth Warren asserting that Donald Trump's economic policies are hindering efforts to reduce prices and interest rates, while also accusing him of undermining the job market and attempting to control the Federal Reserve for personal gain.