Trump is one month in and Americans are already mad at him about inflation
1 month ago

Trump is one month in and Americans are already mad at him about inflation

CNN  

CNN — On the campaign trail, President Donald Trump vowed repeatedly that he’d bring prices down “starting on Day One” if elected. And despite Trump’s promise to “drill, baby, drill” to bring gas prices down, Americans are paying four cents more for a gallon of regular fuel on average than when he returned to the White House on January 20, according to AAA data. But fear not: “We’re addressing inflation,” Trump’s top economist, Kevin Hassett, who leads the National Economic Council, told reporters during a White House press briefing on Thursday. White House spokesman Kush Desai defended Trump’s promise to bring down prices immediately, telling CNN that “within hours of assuming office, President Trump took immediate executive action to deliver economic relief for everyday Americans by unleashing American energy, slashing costly regulations, and reining in runaway government spending.” One month isn’t enough time to make progress on inflation In general, most economists would agree: One month is not a meaningful length of time to judge how a nation’s economy is faring.

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History of this topic

US inflation cooled in February, but Trump’s tariff plans and trade war loom
1 week, 4 days ago

US inflation cooled in February, but Trump’s tariff plans and trade war loom

CNN  

CNN — Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans. February’s inflation numbers came in better than expected thanks in part to two big — and very welcome — …

Americans struggle as incomes fall behind inflation: Poll
3 weeks, 2 days ago

Americans struggle as incomes fall behind inflation: Poll

India Today  

A majority of Americans said that their income is not enough as compared to raising inflation. According to CBS News Poll, people reported the cost of products and services around them is either rising or staying at the same level. The poll reported that 77 percent of respondents believe that their income is way behind inflation. Notably, fifty-five percent of …

'American backlash' coming at Trump over signature policy: poll
3 weeks, 2 days ago

'American backlash' coming at Trump over signature policy: poll

Raw Story  

With inflation showing signs of heating back up, American voters are taking a dimmer view of of president Donald Trump's signature economic policy. Bloomberg reports that Trump "risks American consumer backlash" if he follows through on threats to slap tariffs on all imported goods from Mexico and Canada, as a new Harris poll conducted on behalf of Bloomberg shows 60 …

If Trump wants to fix the inflation crisis, he has a funny way of showing it
3 weeks, 6 days ago

If Trump wants to fix the inflation crisis, he has a funny way of showing it

CNN  

CNN — Inflation appeared nearly defeated just a few months ago, but price hikes started accelerating again, led in particular by rising egg prices and fuel costs. The survey found that Americans are losing confidence in the economy, driven primarily by worries over Trump’s tariffs potentially boosting inflation. A new CNN poll released last Thursday similarly showed pessimism on the …

Trump acknowledges ‘inflation is back’ but blames Biden
1 month ago

Trump acknowledges ‘inflation is back’ but blames Biden

CNN  

CNN — President Donald Trump, in an interview with Fox News’ Sean Hannity that aired Tuesday night, acknowledged that inflation is on the rise again — bucking his campaign promise to lower prices immediately upon taking office. They spent money like nobody has ever spent.” Trump is right about the return of inflation: Consumer prices rose much more than expected …

It’s easy to guess why Trump has quit talking about inflation
1 month ago

It’s easy to guess why Trump has quit talking about inflation

Live Mint  

President Donald Trump has taken a sledgehammer to the US federal government, renamed the Gulf of Mexico, revived plastic straws and pledged to own Gaza, but has done little to address inflation. “No, I think we’re gonna become a rich, look, we aren’t that rich right now, we owe $36 trillion, that’s because we let all these nations take advantage …

'Eat it alive': CNN highlights new data that threatens to 'crush' Trump's presidency
1 month, 1 week ago

'Eat it alive': CNN highlights new data that threatens to 'crush' Trump's presidency

Raw Story  

CNN's Harry Enten warned that one of President Donald Trump's strengths with voters could quickly turn into a liability. The problem for Trump is that most voters – including nearly half of Republicans – don't feel like he's been focused strongly enough on those issues, Enten said, and inflation data released Wednesday showed prices unexpectedly grew during the first month …

Inflation helped Trump get elected. Now it’s his problem.
1 month, 1 week ago

Inflation helped Trump get elected. Now it’s his problem.

Live Mint  

Nothing did more to deliver the White House to Donald Trump than inflation, which helped to sour Americans on former President Joe Biden’s economy. The problem is that Trump has inherited inflation above the Federal Reserve’s 2% target, and his agenda risks keeping it there, making it harder to bring down interest rates. On social media Wednesday, Trump called for …

Inflation is Trump’s problem now
1 month, 1 week ago

Inflation is Trump’s problem now

CNN  

New York CNN — President Donald Trump has a rhetorical style that can be hard to follow. The “Biden inflation” he’s referring to is the Consumer Price Index, which went up 3% year-over-year in January — the fastest pace since June. “Blame Biden” satisfies Trump’s need for a simple-to-understand villain, regardless of its accuracy. Trump’s economic agenda doesn’t have much …

Trump demands interest rates to be cut even after inflation hit a seven-month high
Trending News
1 month, 1 week ago

Trump demands interest rates to be cut even after inflation hit a seven-month high

Daily Mail  

Donald Trump called for interest rates in the US to be cut last night even after inflation hit a seven-month high. Closely-watched figures showed that inflation in the world’s biggest economy rose from 2.9 per cent in December to 3 per cent in January – their highest level since June. Costs crunch: Donald Trump called for interest rates in the …

Trump faces uphill battle to fulfill campaign promise to cut costs as inflation rises to 3% in January
1 month, 1 week ago

Trump faces uphill battle to fulfill campaign promise to cut costs as inflation rises to 3% in January

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price of groceries, gas, and used cars are increasing with the rise in …

U.S. consumer inflation unexpectedly up, Trump blames Biden
Trending News
1 month, 1 week ago

U.S. consumer inflation unexpectedly up, Trump blames Biden

Raw Story  

by Daniel AVIS U.S. consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political peril for President Donald Trump, who quickly blamed the uptick on his predecessor Joe Biden. "The jump in consumer prices in January supports our view that the Fed will hold rates steady at least through of this year," Nationwide chief economist …

Trump’s Grocery Prices Promise Hit By Surging Inflation
1 month, 1 week ago

Trump’s Grocery Prices Promise Hit By Surging Inflation

Huff Post  

LOADING ERROR LOADING President Donald Trump’s election promise to bring down the cost of living took a bruising Wednesday as figures showed that U.S. inflation surged last month. The unexpectedly hot inflation figures blow a hole in one of Trump’s biggest pledges on the campaign trail. We’re going to get the prices down.” Yet shortly after the election, Trump started …

Trump furiously spins to blame Joe Biden after bad new inflation data
1 month, 1 week ago

Trump furiously spins to blame Joe Biden after bad new inflation data

Raw Story  

Inflation data released on Wednesday showed that prices unexpectedly grew in January, the first month of President Donald Trump's second term. "Egg prices, a closely watched symbol of rising costs, soared 53% in January compared to a year ago," ABC News writes. "Beef prices climbed 5% and bacon prices jumped 6% in January compared to a year ago, data showed." …

Prices were a key issue in 2024, but Trump makes clear they're not his top priority
1 month, 3 weeks ago

Prices were a key issue in 2024, but Trump makes clear they're not his top priority

NPR  

Prices were a key issue in 2024, but Trump makes clear they're not his top priority toggle caption Chip Somodevilla/Getty Images For as much that has happened in these first two weeks of the Trump presidency — and it's been a lot — one particular thing has been conspicuously absent: a focus on lowering prices. A top problem Trump said …

Trump lays out plan to battle inflation that he says will make America 'powerful again'
1 month, 3 weeks ago

Trump lays out plan to battle inflation that he says will make America 'powerful again'

Raw Story  

President Donald Trump on Wednesday revealed his long awaited plan to battle inflation and cut prices for consumers now that he has returned to the White House equipped with a Republican-controlled Congress. “Because Jay Powell and the Fed failed to stop the problem they created with Inflation, I will do it by unleashing American Energy production, slashing Regulation, rebalancing International …

Trump says inflation isn’t his No. 1 issue. So what will happen to consumer prices?
1 month, 3 weeks ago

Trump says inflation isn’t his No. 1 issue. So what will happen to consumer prices?

Associated Press  

WASHINGTON — Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries. We’re going to bring those prices way down.” But in Trump’s first week back in the White House, there was little in his initial blitz of …

Trump will begin his presidency in delicate position, poll finds
2 months, 1 week ago

Trump will begin his presidency in delicate position, poll finds

NPR  

Trump will begin his presidency in delicate position, poll finds toggle caption Scott Olson/Getty Images As Donald Trump prepares to once again assume the office of the presidency, a new NPR/PBS News/Marist poll finds that, despite his claims of an "unprecedented and powerful mandate," Trump may have to be careful about how far he decides to go with what he …

Inflation remains stubbornly high for many Americans. Could it get worse under Trump?
2 months, 1 week ago

Inflation remains stubbornly high for many Americans. Could it get worse under Trump?

NPR  

Inflation remains stubbornly high for many Americans. toggle caption Robyn Beck/AFP via Getty Images Inflation has been an economic scourge for many Americans under President Biden — and it could remain a continued problem under Donald Trump. Sponsor Message And now, economists worry inflation could get worse under Trump. toggle caption Andrew Harnik/Getty Images/Getty Images North America Why Trump could …

Economists are worried Trump will cause 'rising inflation and slowing growth': report
2 months, 2 weeks ago

Economists are worried Trump will cause 'rising inflation and slowing growth': report

Raw Story  

President Joe Biden oversaw the United States economy's recovery from the global pandemic, which included lowering unemployment and a slow reduction in inflation. Fortune reported that more than 200 economists were questioned about the future of the U.S., and many confessed a fear of "rising inflation and slowing growth." In their report, the Financial Times and the University of Chicago …

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist
2 months, 3 weeks ago

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist

Raw Story  

Americans are starting to wise up to the harsh reality that President-elect Donald Trump has no plan – and never did – to cut prices and bury inflation woes, according to a Washington Post columnist. And that could result in an expensive four years for consumers – many of whom fearing high prices are already stocking up on goods, Catherine …

Inflation is stuck. Can Trump unstick it?
3 months, 1 week ago

Inflation is stuck. Can Trump unstick it?

Live Mint  

Inflation played a starring role in last month’s election, and part of Donald Trump ’s pitch was that he would cool things off. In his nomination-acceptance speech at the Republican National Convention in July, Trump said he would “end the devastating inflation crisis immediately." Many of the measures that economists might prescribe to reduce inflation, such as increasing innovation, reducing …

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report
3 months, 1 week ago

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report

Raw Story  

New Labor Department data released Wednesday showed stubborn inflation continued, which could make it difficult for President-elect Donald Trump and his GOP allies to pass certain legislation they've planned. While the consumer price index increased 2.7 percent in November from 2023, it was also larger than September's 2.4 percent rise, The Washington Post reported. "While Trump criticized President Joe Biden’s …

US inflation rose for second straight month: What are the challenges for Trump now?
3 months, 1 week ago

US inflation rose for second straight month: What are the challenges for Trump now?

Firstpost  

President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated Inflation in the United States ticked up for the second consecutive month in November. The consumer price index, a key measure of inflation, rose to 2.7 …

Trump has a problem: America's economy is growing but so is its inflation
3 months, 3 weeks ago

Trump has a problem: America's economy is growing but so is its inflation

Firstpost  

Even as the US economy grew by 2.8% in the third quarter, the inflation also grew by 1.9%, complicating the economic outlook that President-elect Donald Trump will inherit in January US President-elect Donald Trump has vowed to fix the United States. Inflation rises by 1.9% — complicating picture for Trump Even as the US economy grew 2.8 per cent year-on-year …

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist
Trending News
4 months, 1 week ago

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist

Raw Story  

New York Times columnist and Nobel Prize-winning economist Paul Krugman said that voters who believed President-elect Donald Trump would do a better job of handling inflation than Vice President Kamala Harris are in for a "really rude shock." In a podcast published by the Times this week, Krugman outlined why Trump's proposed economic policies were likely to do the exact …

Fed up with high prices? Here's where things stand with inflation
4 months, 1 week ago

Fed up with high prices? Here's where things stand with inflation

NPR  

Fed up with high prices? Here's where things stand with inflation toggle caption Justin Sullivan/Getty Images By the numbers, inflation in America continues in the same direction: Easing largely — but still sticky. "We both make decent wages, but with the way that inflation has increased, it's like our dollar just doesn't go as far," says Spangler, who helps manage …

The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns
4 months, 1 week ago

The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns

CNN  

New York CNN — Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,” Karoline Leavitt, a Trump transition spokesperson, said in a statement. “President …

Voter frustration with rising prices had a major impact on the election
4 months, 2 weeks ago

Voter frustration with rising prices had a major impact on the election

NPR  

Voter frustration with rising prices had a major impact on the election We look at the impact of inflation on the outcome of the presidential elections this week. Maziar Minovi, who heads the Eurasia Group, has studied dozens of elections going back decades and found whenever there's a sustained period of high inflation, voters are twice as likely to lose …

Inflation versus wages: Trump’s stunning comeback explained in two charts
4 months, 2 weeks ago

Inflation versus wages: Trump’s stunning comeback explained in two charts

Al Jazeera  

The rise in prices under the Biden administration proved fatal to Kamala Harris’s election hopes. In exit polls, 45 percent of voters said they were worse off than four years ago, when President Joe Biden took office, versus just 24 percent who said their financial situation had improved. Voters who named inflation as their number one concern broke for Trump …

Trump already 'set to repeat Biden's mistake': conservative economist
4 months, 2 weeks ago

Trump already 'set to repeat Biden's mistake': conservative economist

Raw Story  

Conservative economist Brian Riedl thinks that President Joe Biden's biggest mistake was the first major piece of legislation that he signed into law: The American Rescue Plan. Writing on Twitter, Riedl acknowledges that inflation was likely to have spiked regardless of what Biden did when he came into office given pandemic-related supply chain disruptions, but he adds that $1.9 trillion …

Top conservative economists warn of huge inflation after election – ESPECIALLY if Trump wins
4 months, 3 weeks ago

Top conservative economists warn of huge inflation after election – ESPECIALLY if Trump wins

Daily Mail  

Conservative-leaning economists are warning that Donald Trump's policies could trigger a new surge in inflation. Both Trump and Vice President Kamala Harris have put forward policies that they claim will keep inflation under control, while boosting growth for the US economy. Conservative-leaning economists are warning that Donald Trump's policies could cause a spike in inflation A second Trump term would …

Trump's economic plans would worsen inflation, experts say
5 months, 1 week ago

Trump's economic plans would worsen inflation, experts say

New Indian Express  

WASHINGTON: With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely." Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump's proposals would “reignite’’ inflation, which has plummeted since peaking at 9.1% in 2022 and is nearly back to the Fed’s 2% target. Last month, the Peterson …

Trump’s promises would spike inflation and wipe out jobs, study finds
5 months, 3 weeks ago

Trump’s promises would spike inflation and wipe out jobs, study finds

CNN  

CNN — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. A loss of Fed independence would cause “permanently higher inflation” that “leads to ever-increasing prices across the US economy,” the paper said. At an event in Michigan last week, Trump praised …

Growth, inflation, jobs: Biden and Trump’s economic records compared
8 months, 3 weeks ago

Growth, inflation, jobs: Biden and Trump’s economic records compared

Al Jazeera  

US voters view the economy as their number one priority ahead of November’s presidential election. United States President Joe Biden and former US President Donald Trump’s first debate of the 2024 campaign has refocused attention on their respective economic records in office. Inflation Biden’s tenure has been marked by far higher inflation compared with Trump’s – although many of the …

Biden polls: Inflation is not the president’s problem.
9 months, 1 week ago

Biden polls: Inflation is not the president’s problem.

Slate  

In January of 1980, Jimmy Carter had been in office for three years, and the economy was terrible. Biden isn’t just clearing the low bar set by the Carter administration, he’s besting every other leader in the developed world, with the United States enjoying stronger wages, lower inflation, and better job growth than any nation in the G7, and its …

U.S. Inflation Eased Last Month In The First Slowdown Of 2024
10 months, 1 week ago

U.S. Inflation Eased Last Month In The First Slowdown Of 2024

Huff Post  

LOADING ERROR LOADING WASHINGTON — Consumer inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% target level before …

US inflation eased last month in the first slowdown of 2024
10 months, 1 week ago

US inflation eased last month in the first slowdown of 2024

Associated Press  

WASHINGTON — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% …

US consumer inflation falls to 3.1pc in January, but less than expected
1 year, 1 month ago

US consumer inflation falls to 3.1pc in January, but less than expected

Hindustan Times  

US consumer inflation cooled in January but at a slower rate than expected, resisting President Joe Biden's efforts to soothe families' cost of living concerns in an election year. U.S. President Joe Biden The closely watched Consumer Price Index rose 3.1 percent from a year ago last month, down from 3.4 percent in December, the Department of Labor said on …

US inflation dashes hopes of rate cuts in blow to Biden
1 year, 1 month ago

US inflation dashes hopes of rate cuts in blow to Biden

The Telegraph  

Joe Biden has suffered an economic setback as higher-than-expected US inflation figures hit hopes that the Federal Reserve would rapidly cut rates this year. However, it came in above expectations that inflation would fall to 2.9pc, which would have been the lowest inflation reading for almost three years. Stock markets fell and the dollar rose after the figures as traders …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
1 year, 1 month ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting
1 year, 2 months ago

Slowing inflation suggests that Biden’s policies are helping, but American voters are still hurting

Associated Press  

WASHINGTON — President Joe Biden can make an increasingly strong case that he’s helped fix inflation — if only he can get voters to believe him. Leading GOP lawmakers such as Rep. Jason Smith of Missouri, chairman of the House Ways and Means Committee, greeted the latest inflation numbers as evidence that voters are still suffering from high prices: “President …

Biden Celebrates Inflation Reduction Act’s Anniversary; Voters Seem Not To Notice
1 year, 7 months ago

Biden Celebrates Inflation Reduction Act’s Anniversary; Voters Seem Not To Notice

Huff Post  

President Joe Biden speaks during an event to mark the anniversary of the Inflation Reduction Act in the East Room of the White House on Aug. 16. Tom Williams via Getty Images WASHINGTON ― President Joe Biden on Wednesday celebrated the first anniversary of one of his major legislative achievements to date, the Inflation Reduction Act, taking credit for lower …

Inflation may haunt Biden’s poll fortunes even if it cools further
1 year, 7 months ago

Inflation may haunt Biden’s poll fortunes even if it cools further

Live Mint  

US President Joe Biden and his team get little credit for their management of the American economy. Its American Rescue Plan, the $1.9 trillion stimulus package announced on 20 January 2021, the president’s first day in office, provided vigorous support for spending. Together with two stimulus packages passed by the US Congress in 2020, the $2.2 trillion Coronavirus Aid, Relief …

Biden gets a report card amid ‘Bidenomics’ push
1 year, 7 months ago

Biden gets a report card amid ‘Bidenomics’ push

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. The report showed that inflation rose …

Inflation drops to 3% and Biden hopes to turn a weakness with voters into a strength
1 year, 8 months ago

Inflation drops to 3% and Biden hopes to turn a weakness with voters into a strength

Associated Press  

WASHINGTON — The politics of inflation took a sharp turn Wednesday with a report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency. “It is particularly notable and highly consistent with Bidenomics to see this steep a decline in the rate of inflation while employment remains so uniquely strong.” The president was quick …

Inflation rocked Biden’s second year as president. There’s more economic trouble on the horizon
2 years, 2 months ago

Inflation rocked Biden’s second year as president. There’s more economic trouble on the horizon

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery President Joe Biden listens during an event about infrastructure in …

Biden stumps on job growth, as voters dread inflation
2 years, 4 months ago

Biden stumps on job growth, as voters dread inflation

Associated Press  

WASHINGTON — President Joe Biden has notched an envious record on jobs, with 10.3 million gained during his tenure. Presidents have long trusted that voters would reward them for strong economic growth, but inflation has thrown a monkey wrench into the already difficult probability of Democrats’ retaining control of the House and Senate. His challenge is that the party in …

Biden preaches patience to voters spooked by economic tumult
2 years, 5 months ago

Biden preaches patience to voters spooked by economic tumult

Associated Press  

WASHINGTON — When it comes to reassuring Americans about an economy that’s an election-year challenge for his party, President Joe Biden is telling the country to hold on. With GOP ads citing inflation and high gas prices, there is growing pressure for the White House to address the public’s concerns about the economy before Election Day. Jason Furman, who led …

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