President Donald Trump and Democratic Sen. Elizabeth Warren of Massachusetts may have had an unexpected phone exchange this week — at least, according to Warren.
In a post on X on Monday, Warren said her speech at the National Press Club criticizing Trump’s economic approach was followed by a call from the president.
Warren wrote that in her remarks she argued Trump is “driving up costs for families,” creating “terror and chaos” in communities, and “abusing his power to prosecute anyone who criticizes him.” She added that she also laid out what she believes Democrats should do to respond.
Warren said she told the audience that despite promising to lower costs “On Day One,” Trump has instead increased costs for families. She also said that if Trump wants progress on affordability — including capping credit card interest rates or lowering housing costs — he should use his influence and “pick up the phone.”
According to Warren, that phone call happened after the speech. She said she repeated her affordability message directly to Trump, urging him to support legislation to cap credit card interest rates and to push House Republicans to advance the bipartisan ROAD to Housing Act, which she noted passed the Senate unanimously and is intended to increase housing supply and reduce costs.
“No more delays,” Warren wrote. “It’s time to deliver relief for American families.”
Trump has not publicly confirmed the call at the time of writing.
While the idea of a cordial policy discussion between the two longtime political opponents may surprise some observers, Warren’s account overlaps with an issue Trump has recently highlighted: credit card interest rates.
On Friday, Trump posted on Truth Social that he wants a temporary cap on credit card interest rates, citing rates of “20 to 30%” or more. He called for a one-year cap of 10% beginning January 20, 2026.
It remains unclear whether Trump intends to pursue a cap through legislation or executive action. But moving it through Congress could be difficult. As CBS News noted, there may be resistance even within a Republican-majority Congress, particularly after bank stocks reportedly dipped following Trump’s post about interest rates.
