In a statement published by the U.S. Senate Committee on Banking, Housing and Urban Affairs, Sen. Elizabeth Warren, the committee’s ranking member, argued that Donald Trump’s war in Iran and tariffs are raising inflation and could prompt the Federal Reserve to increase interest rates. Warren said ending the war and reversing the tariffs could create scope for lower rates, reducing mortgage and credit card costs for families.
2026-09-16U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member Elizabeth Warren links Trump policies to inflation and risk of higher rates
Sen. Elizabeth Warren linked Donald Trump’s war in Iran and tariffs to higher inflation and the risk of a Federal Reserve rate increase. She said reversing those policies could support lower mortgage and credit card costs.