Trump’s attempt to control Fed ‘undermines America’, Elizabeth Warren warns
AI Summary
Senator Elizabeth Warren warned that Donald Trump's attempts to influence the Federal Reserve are detrimental to the US economy and its global standing. Speaking at the National Press Club in Washington D.C., Warren criticized Trump's actions, including the Justice Department's investigation into Fed Chair Jerome Powell, as undermining the central bank's independence. Warren emphasized the need for the Democratic party to focus on economic policies that benefit working people rather than catering to wealthy donors. She argued that the party must earn the trust of the electorate by addressing corporate power and tax fairness, even if it means challenging the wealthy and well-connected. Warren's remarks were part of a broader discussion on the future of the Democratic Party and its strategy for the 2026 midterm elections.
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