Warren Statement on January 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 on January PCE:
“This week's initial jobless claims and plummeting consumer confidence data prove that President Trump is leading us full steam ahead into a chaos economy. With flashing warning signs — dissipating labor gains, declining investment, and falling consumer confidence — today’s inflation data shows that the Fed has a small window to act to cut interest rates. At its meeting next month, the Fed should modestly cut rates to provide a buffer to respond to future uncertainty as Trump and Elon Musk drive up unemployment and contract economic activity by bulldozing through government programs that Americans rely on and doing nothing to lower costs like they promised to do.”
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