Trump Tempers Tone on Slaying Inflation

“President Trump promised voters that, if elected, he would enact policies that would bring prices down on ‘Day 1’ in office,” the New York Times reports.

“But three weeks into his term, Mr. Trump and White House officials have become more measured in how they discuss their efforts to tame inflation. They have begun downplaying the likelihood that consumer costs like groceries will decline anytime soon, reflecting the limited power that presidents have to control prices. Those are largely determined by global economic forces.”

“The shifting tone could allow Mr. Trump to reset expectations about how fast prices will come down as he pursues policies like tariffs and tax cuts, which economists say could exacerbate inflation.”