In a strongly worded post on social media platform X, U.S. Senator Elizabeth Warren has urged Federal Reserve Chairman Jerome Powell to cut interest rates “now,” citing urgent concerns over the nation’s economic health. Warren’s post reads: “Federal Reserve Chairman Powell did not cut interest rates, which is a serious mistake. He has been repeatedly warned that waiting too long could put the economy in trouble. The employment data is flashing red lights. Powell needs to cancel the summer vacation and cut interest rates immediately – instead of waiting for 6 weeks.”
Senator Warren’s message underscores her growing frustration with the Federal Reserve’s current monetary policy stance. She argues that the delay in adjusting interest rates could exacerbate economic difficulties, particularly in light of recent employment data, which she describes as “flashing red lights.”
The call for immediate action reflects broader concerns about potential economic instability. Warren’s plea for Powell to forgo any summer vacation plans and focus on cutting rates highlights the urgency she believes the situation demands. This public appeal adds pressure on the Federal Reserve to reconsider its timeline for potential rate cuts, which is currently set for review in six weeks.
