July 30, 2025

Senator Warren Statement on 2025 Q2 GDP Estimate and Upcoming FOMC Decision

Washington, D.C. – United States Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee released the following statement:

"Today’s GDP data confirms slower economic growth through the first half of 2025 compared to the last six months before President Trump took office. Families are pulling back on spending and business investment is falling. When the Fed announces its interest rate decision later today, they’re expected to hold rates steady. Americans have had to pay more on mortgages, car loans, credit cards, and business loans for six months because of Donald Trump’s on-again, off-again tariffs, and now they’re going to have to wait some more.”

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