Six months ago, the Democrat-Media Party couldn't stop talking about inflation, after having refused to talk about inflation for four years.
"Trump has done nothing to reduce the price of eggs," they all said in Trump's first week as president, suddenly acknowledging the steep increase in the price of eggs under Biden after denying it.
"Trump's distracting the voters by talking about immigration because he's not doing anything about inflation," they all said in Trump's second week in office.
Well, inflation is now well under control and falling even more.
And strangely enough, the Democrat-Media Party is silent about inflation again.
The White House declared Wednesday that "America is beating inflation," touting the latest Consumer Price Index as proof that President Trump's economic leadership is ushering in a "new Golden Age" of falling prices, rising wages, and broad prosperity.
Key Details:
The May CPI report showed overall inflation "lighter than expected" once again, according to the White House. Officials emphasized that since Trump took office, inflation has come in below economists' forecasts every month.
Core inflation--which strips out food and energy--held steady at the lowest level since March 2021. The White House noted that under Trump, core inflation has averaged just 2.0% annually, mirroring rates last seen during his first term.
The administration also highlighted wage growth, particularly for production and nonsupervisory workers. Real wages for those workers rose in May at the fastest pace in nearly a year, and have now increased every month since Trump returned to office.
Trump called for a cut in the Fed's interest rate, which would spur growth.
But the head of the Fed, Jerome Powell, is a partisan Democrat who is only interested in cutting interest rates and flooding the country with freshly printed currency if the president (or, "president") is a Democrat.
President Trump reacted Wednesday to the latest inflation data by urging the Federal Reserve to cut interest rates by a full point. Calling the CPI numbers "great," he argued that such a move would significantly reduce interest costs on the nation's debt, adding, "SO IMPORTANT!!!"
Key Details:
Trump posted on Truth Social shortly after the Consumer Price Index was released, writing: "CPI JUST OUT. GREAT NUMBERS!"
He called on the Federal Reserve to "LOWER ONE FULL POINT," emphasizing the impact on debt payments: "WOULD PAY MUCH LESS INTEREST ON DEBT COMING DUE."
The post comes just hours after a White House statement declared, "America is beating inflation," pointing to steady core inflation, declining energy prices, and rising real wages.
The White House declared Wednesday that "America is beating inflation," touting the latest Consumer Price Index as proof that President Trump's economic leadership is ushering in a "new Golden Age" of falling prices, rising wages, and broad prosperity.
Key Details:
The May CPI report showed overall inflation "lighter than expected" once again, according to the White House. Officials emphasized that since Trump took office, inflation has come in below economists' forecasts every month.
Core inflation--which strips out food and energy--held steady at the lowest level since March 2021. The White House noted that under Trump, core inflation has averaged just 2.0% annually, mirroring rates last seen during his first term.
The administration also highlighted wage growth, particularly for production and nonsupervisory workers. Real wages for those workers rose in May at the fastest pace in nearly a year, and have now increased every month since Trump returned to office.
Good Wednesday, everyone!