Bloomberg Talks Sen. Elizabeth Warren Talks Interest Rates, US Housing Crisis
Jul 29, 2025
Democratic Senator Elizabeth Warren from Massachusetts, known for her advocacy on economic policy, joins hosts Joe Mathieu and Kailey Leinz. She discusses the Federal Reserve's crucial role in lowering interest rates to alleviate financial strain on families. Warren highlights the urgent US housing crisis, advocating for bipartisan efforts to boost housing supply amid rising prices. The conversation also touches on the significant distractions in Congress, particularly the implications of the Epstein case, urging lawmakers to focus on pressing issues like housing.
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Trump's Tariffs Keep Rates High
- High interest rates hurt families by increasing costs on credit cards, car loans, and mortgages.
- The main reason rates remain high is turmoil caused by President Trump's tariff policies.
Threats Undermine Fed Independence
- Fed independence is crucial for economic stability and confidence.
- Threats to Fed Chair Powell's position undermine trust in monetary policy and risk economic consequences.
Housing Crisis Is Supply Problem
- The US housing crisis is primarily a supply problem, needing about 7 million more homes.
- Bipartisan legislation aims to increase housing supply by cutting red tape and encouraging development nationwide.