The New Yorker: Elizabeth Warren Is Trying to Stop “The Dumbest Financial Crisis Ever”

When I caught up with Elizabeth Warren, the senior Democratic senator from Massachusetts, by telephone on Wednesday evening, it seemed like she didn’t know whether to laugh or scream. Hours earlier, Donald Trump had caved to pressure from the financial markets and announced, via social media, a ninety-day pause on many of his tariffs. On Wall Street, stocks shot up. Later in the afternoon, Warren, who sits on the Senate finance and banking committees, had spoken from the floor of the upper chamber, where she demanded an independent investigation into whether Trump had manipulated the markets to benefit Wall Street donors. (Anybody who had known about the policy pivot in advance could have made a fortune buying stocks or stock futures.) But while, in her floor speech, Warren had bristled with righteous anger at the idea of Trump, or anyone else at the White House, tipping off rich friends, during our conversation she couldn’t stop herself from chortling at the Administration’s claim that the President’s reversal had been the product of an artful negotiation strategy. 

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