Senator Elizabeth Warren

Employment and inflation.

You've got it 100 percent right.

In addition to that, they also do regulatory oversight of the giant banks.

So that is what he's supposed to do.

What my job is, I am now the ranking member on the Senate Banking Committee, is to push him back on the numbers, to say to him, as I did two years ago, loudly, hey, the direction on inflation is down.

The arrows are clearly on the downslope.

Lower those interest rates.

And yeah, I've dogged him and dogged him about that.

Now, here's the interesting twist.

He announced last month that he and the Fed would have lowered interest rates last February.

but for the fact that Donald Trump's tariffs were just causing chaos in the economy and were likely to cause even more chaos, likely to make everything even worse.

So stop and let that soak into your brain for a minute.

For everybody who has a credit card balance and paid higher interest rates, for everybody who took out a car loan,

For anybody who had a variable rate mortgage of any kind, anybody who borrowed money over the last seven months, let's just be clear.

You paid more because Donald Trump was creating so much economic noise, chaos.

Uncertainty.

Uncertainty.

I like your word.

Uncertainty to the economy that the Fed kept interest rates high.

Now, the Fed finally just lowered interest rates, as you know, just a couple of weeks ago.