Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
President Trump at a rally in Las Vegas on Saturday promoted his "No Tax On Tips" proposal and talked about how the current tax system punishes workers in the food and beverage industry. "When I think of Biden,
Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.
Progress reducing the rise in consumer prices has stalled, with recent data coming in hotter than expected. By pressuring the Federal Reserve, Trump could reignite inflation.
President Trump has ambitions for a reordering of world commerce, with tariffs on items imported into the United States as a cornerstone.
President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.
9:30 p.m. ET (Saturday, Jan. 25): President Trump said he’d like to see Jordan, Egypt and other Arab nations increase the number of Palestinian refugees they are accepting from the Gaza Strip — potentially moving out enough of the population to "just clean out" the war-torn area to create a virtual clean slate.
CHARLESTON — West Virginia officials are in contact with the administration of President Donald Trump after an executive order issued by the president earlier this week put payments from the bipartisan infrastructure bill and the Inflation Reduction Act on pause.
“Today, I will sign a series of historic executive orders. With these actions, we will begin the complete restoration of America, and the revolution of common sense,” said Trump, who at midday Monday became only the second U.S. president to serve nonconsecutive terms, after Grover Cleveland in the late 1800s.
His pivot reflects the reality that presidents have almost no levers to reduce inflation quickly without causing collateral damage to other parts of the economy
Amid the flurry of actions President Donald Trump took his first day ... Here’s a sampling of how Trump could tackle inflation, according to economists and public policy experts.
Donald Trump is holding off on tariffs during his first day and placing a big bet that his executive actions can cut energy prices and tame inflation. But it's unclear whether his orders will be ...