Elizabeth Warren on Tariffs: All the ‘Economic Signs Are Flashing Red,’ Things Are Happening that ‘People Will Never Recover From’

RUSH EXCERPT:

WARREN: “Well, we‘re facing a lot of pain. And understand we look at the dow Jones and the S&P because those are easy numbers to track. But the reality is this is already being felt by families, partly because prices are going up. We already see the soft data showing us that there are a lot of companies out there saying, you know what? We can tell what‘s coming. We‘re just going to raise our prices now and then if we need to raise them more later, we will do that. The head of the Fed said on Friday that this kind of across the board tariffs means prices will go up for families. We‘ll see more inflation. But he also pointed out unemployment is likely to go up as well. So there are going to be people who lose their jobs. We talk about this. Recession. Goldman Sachs, JP Morgan. Oh, I think that that all of the signs, the economic signs are flashing red. And remember we lost. 700,000 jobs a month in the last recession. Recessions are not just things that happen on Wall Street. They are things that happen family by family, by family. And there are people who never recover from.”