Catenaa, Sunday, September 21, 2025-Senator Elizabeth Warren accused President Donald Trump of attempting to take control of the Federal Reserve, warning such actions could trigger widespread inflation and raise costs for American households.
Warren cited mortgage, credit card, and student loan rates as examples of financial areas that could suffer if political interference dictates central bank decisions rather than economic data.
Warren highlighted international examples including Turkey and Argentina, as well as Nixon-era U.S. policies in the 1970s, when presidential pressure on monetary policy coincided with high inflation, unemployment, and slowed economic growth.
She emphasized that the Fed’s independence is crucial for maintaining credibility and long-term stability in the US economy.
The Senator also criticized Trump’s Federal Reserve governor pick, Stephen Miran, for simultaneously holding his role as chair of the president’s Council of Economic Advisors, raising concerns about conflicts of interest and the potential for compromised monetary policymaking.
Warren stressed that Miran’s refusal to resign from his White House post undermines the principle of an independent Fed.
Trump’s broader efforts to remove Fed Governor Lisa Cook, which were recently blocked by a federal judge, further underscore growing concerns among policymakers, economists, and market participants about the administration’s approach to central bank independence.
Even allies of Trump, including billionaire hedge fund manager Ken Griffin, have warned that meddling with the Fed is a risky move that could erode decades of economic credibility and investor confidence.
