Warren: Nobody is Fooled by Trump's Pretext to Fire Powell
Remarks prepared for speech at Exchequer Club
Washington, D.C. – Today, U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, in her speech at the Exchequer Club about President Trump’s economic chaos, is calling out President Trump’s ploy to establish pretext to fire the Chair of the Federal Reserve, Jerome Powell.
Excerpt from Ranking Member Warren’s speech:
“If Trump were serious about lowering interest rates, he would rein in his chaotic tariffs. Instead, he is threatening to fire the Chairman of the Federal Reserve. When his initial attempts to bully Powell failed, Trump and Republicans in Congress suddenly decided to look into how much the Fed is spending on building renovations.
Independence does not mean impunity and I have long pushed for more transparency and accountability at the Fed. But give me a break. The President's HUD Secretary is apparently using taxpayer funds to gut the National Science Foundation building and turn it into his personal castle with a private elevator and a personal gym for his family. So nobody is fooled by this pretext to fire Chair Powell. And markets will tank if he does.”
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