Trump: ‘I Love the Inflation’
Trump blamed the price surge on energy markets, while critics said 4.2% inflation is still squeezing household budgets and could affect Federal Reserve policy.
- On Wednesday, President Donald Trump brushed aside concerns about surging prices, declaring he "loves the inflation" after headline inflation accelerated to 4.2% in May from 3.8% in April.
- Trump attributes the recent inflation spike to geopolitical tensions with Iran, arguing that pressure on global oil supplies has lifted energy costs and will ultimately benefit the United States economy.
- Sen. Bernie Sanders criticized the remarks, writing on X, "You know who doesn't love inflation, Mr. President? Working families struggling to afford gas, groceries and other necessities because of your disastrous actions."
- Persistent inflation running above the Federal Reserve's 2% target complicates monetary policy, with economists expecting the Fed to hold rates steady on June 17 as investors reassess borrowing-cost expectations.
- This rebound presents a political challenge for Republicans ahead of midterm elections, while core inflation, which excludes food and energy, remained comparatively stable at 2.9%, tempering some affordability concerns.
71 Articles
71 Articles
Whoopi Goldberg and ‘The View’ Blast Donald Trump For Saying ‘I Love The Inflation’
MEGA Whoopi Goldberg and the rest of the “The View” panel called out U.S. President Donald Trump on Tuesday, June 11, in response to his viral “I love the inflation” comment. According to the Bureau of Labor Statistics, the Consumer Price Index rose for the third consecutive month, with May’s 4.2% year-over-year increase marking the first time inflation has topped 4% since 2023. ‘The View’ Rips Into Donald Trump For His ‘Inflation’ Comment 'I L…
GOP strategists sweating over Trump’s 'extremely unhelpful' midterms gaffe
President Donald Trump let slip another disastrous gaffe during an Oval Office event this week, with The Hill reporting that strategists within the GOP are calling it "a doozy" and "extremely unhelpful" for the party's midterms strategy.During a Wednesday event at the White House, Trump was pressed for a reaction to the newly released inflation report, showing that the rate had reached a three-year-high, despite the president's repeated insisten…
Trump Has Everyone Doing A Double-Take After Admitting That He 'Loves The Inflation' In Bonkers Clip
On Wednesday during a White House signing ceremony in the Oval Office, MAGA Republican President Donald Trump was asked whether he was concerned about the latest economic data released by his administration.The reports showed inflation surged in May to the highest level in three years, from 2.4% a year ago to 4.2%.For the second month in a row, inflation exceeded wage growth. Trump’s Bureau of Labor Statistics announced average weekly earnings d…
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