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Joe Neguse: “The Federal Reserve, the Atlanta branch yesterday, just…”

Featuring: Joe Neguse, Democratic | U.S. House Colorado, 2nd Congressional District

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Published March 4, 2025 | Video Starts at 45:19

And he expects the Republican caucus to defend him tooth and nail as these prices go up. The gentleman talks about economic growth. The Federal Reserve, the Atlanta branch yesterday, just yesterday, forecasted negative GDP growth for this quarter. first time in a long time, negative GDP growth under President Trump. This is the common sense agenda that my colleague from New York sells to farmers and ranchers in Colorado. (45:19–45:31)

CLAIM

Asserts that the Federal Reserve's Atlanta branch forecasted negative GDP growth for the current quarter.

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.

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Joe Neguse

“The stock market is plummeting, plummeting.”
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“401 s of residents in New York, residents in Colorado wiped out.”
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“Massive tariffs that the President of the United States applied to our neighbors at midnight that we know will increase the prices of…”
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“Tariffs [are] increasing prices.”
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“Mass layoffs of federal workers, mass purges of veterans at different federal agencies, mass terminations of Forest service, Forest Service…”
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“Government funding is about to dry out 10 days from now.”
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“Social Security offices being shut down, constituents who can't get services from the federal government because this president has decided…”
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“The priorities that the House Republicans are pursuing today and have been pursuing for the better part of the last two and a half months…”
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“More corporations have announced that they'll be increasing prices later this week because of President Trump's tariffs.”
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“Reports this morning indicate that in the Republican caucus meeting, a member of Republican leadership stood up in the meeting and…”
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“Derek Tran, a veteran who served our country honorably, who can speak to the reasons why this. This amendment is so important.”
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“We're here to lower costs for working families, to build safer communities.”
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“Trump's tariffs are taking hold and beginning the process of increasing prices, which already started 30 days ago.”
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“New England, New York grid operators prepare to collect millions in tariffs on Canadian electricity.”
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“New York Post car prices could potentially surge by $12,000 because of these tariffs.”
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“Republicans have a majority in the House and in the Senate.”
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“You have a Republican president and a Republican majority in the US Senate.”
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“Under Trump's economy, everything goes up.”
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“Hardworking civil servants who do wildfire mitigation work in Colorado and across the Rocky Mountain west, unceremoniously fired.”
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“Scientists at the NOAA and NWS facilities in Boulder and elsewhere being subject to these masses terminations.”
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“A House Republican caucus that is walking with [the federal executive] lockstep every step of the way as they prepare to slash Medicaid to…”
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“Coloradans expect me to be here pursuing policies that will make their lives easier, that will promote economic growth and a better quality…”
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“They're not getting it from this House under Republican control, that I can assure you.”
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“House Republicans, I'm sure, will pass the rule. They'll get their bill on water heaters and pool heaters and air conditioners pass through…”
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“They'll have a big fancy signing ceremony at the White House where they'll celebrate the fact that they repealed a labeling requirement rule…”
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“Reasonably confident that the economy will continue the free fall unless Republicans work with us as Democrats in good faith to pursue…”
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