Warren Statement on April PCE
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:
“President Trump is not serious about lowering costs for Americans. Multiple courts have now found his chaotic, across-the-board tariffs to be unlawful – and his policies are hurting families and businesses across the country. When Trump came into office, inflation was on a clear downward trajectory. Today, businesses are signaling their intention to raise prices even more in response to Trump’s tariffs. Economic forecasters are predicting both slower growth and renewed inflationary pressure. This week’s jobless claims underscore how policy uncertainty is also weakening the labor market. Americans deserve lower interest rates that would make life more affordable, but, let me be clear, Trump and Republicans in Congress are the reason the Fed can’t bring rates down.”
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