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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump says inflation isn't his No. 1 issue. So what will happen to consumer prices?
https://apnews.com/article/trump-inflation-grocery-prices-energy-production-consumers-c8afa45fc2b44471d55a1516e99ea351Trump says inflation isn’t his No. 1 issue. So what will happen to consumer prices?
By CHRIS MEGERIAN and JOSH BOAK
Updated 7:44 AM CST, January 26, 2025
WASHINGTON (AP) — 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.
“When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time,” he told NBC’s “Meet the Press. “And I won an election based on that. 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 executive orders that directly tackled those prices, besides directing federal agencies to start “pursuing appropriate actions.” He is taking steps to lower energy costs, something that Trump hopes will have ripple effects throughout the economy. Otherwise, his focus has been clamping down on immigration, which he described as his “No. 1 issue” shortly after taking the oath of office.
“They all said inflation was the No. 1 issue. I said, ‘I disagree,’” Trump said. “I talked about inflation too, but how many times can you say that an apple has doubled in cost?”
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The cult will say "Ok, there is nothing he can do about inflation."
"Let's go get those Mexicans"
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CousinIT
(10,895 posts)🚨 IT WASN'T FUCKING ABOUT INFLATION.
That was the EXCUSE they used. What it was about was RACISM, SEXISM & HOMO-AND TRANS-PHOBIA.
PERIOD.
The goddamned prices are going ⬆️ ⬆️ ⬆️ ⬆️ ⬆️
Smooth155
(23 posts)jmbar2
(6,532 posts)We are already seeing data suppression of labor market data, CDC, etc.
Every Thursday, the government releases a ton of data on unemployment stats, consumer prices, etc. This Thursday will be the first monthly data release since TFG took power. They are scrubbing that data as we speak!
See Mahatmakjeeves earlier post. https://www.democraticunderground.com/?com=view_post&forum=1116&pid=99347
Here is the last set of data releases - go to Thursday for this week's big releases. This data heavily influences the stock market, and can drop it like a stone. Will be a very interesting day to watch the stock market.
https://tradingeconomics.com/united-states/calendar
paleotn
(19,862 posts)Not that he wouldn't try but that will cause a shitstorm of monumental proportions. Secondly, how many average Joe Blows actually pay any attention to that? What they do pay attention to is their dollars don't go nearly as far as they use to and they're rightly pissed about it no matter what the orange shit stain says.
https://www.investopedia.com/articles/investing/041515/why-federal-reserve-independent.asp
jmbar2
(6,532 posts)Hopefully Powell can continue to protect their independence.
NameAlreadyTaken
(1,911 posts)himself.