PolitiQuote

Discover video-sourced quotes by politicians

Chuck Schumer: “When there's chaos in the Fed, interest rates go up.”

Featuring: Chuck Schumer, Democratic | U.S. Senate New York

Watch on YouTube

WATCH: I am speaking from the Senate floor

Published | Video Starts at 01:49

… mortgage, if you want to keep the mortgage down, if you're a new home buyer and want a lower mortgage, Donald Trump's assault on the Fed should alarm you. Because When there's chaos in the Fed, interest rates go up. Those who the banks and financial institutions, when they say chaos, they grab on tightly and say, we better not lower anything, we better keep things high, because we're not exactly sure what's going to happen. (01:49–01:54)

CLAIM

Asserts that chaos in the Federal Reserve leads to increased interest rates.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


Chuck Schumer

Discover more from

Chuck Schumer

Report A Transcription Error

Please report any error in the automated transcription.

About PolitiQuote

PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

PolitiQuote is a service of Gigafact Foundation, a nonpartisan nonprofit advancing facts and information transparency, community by community.

Visit gigafact.org to learn more.