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Analysis: Inflation Accelerated at the End of Biden's Term as Trump Seeks to Cut Spending, Regulations; Boost Production - Tennessee Star

  • Consumer inflation reached 3 percent and producer inflation hit 3.5 percent as Joe Biden left office in January and Donald Trump took over on Jan. 20.
  • Inflation and the economy were major issues during the election that led to Biden's removal from office and Trump's return to power as American households faced high living costs.
  • Robert Romano, Vice President of Public Policy at Americans for Limited Government Foundation, stated that inflation is a cruel tax, affecting various past presidents' reelections due to public discontent over economic situations.
  • Trump plans to cut taxes and regulations while boosting production, recognizing that too much money chasing too few goods drives prices up.
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The Wisconsin Daily Star broke the news in on Thursday, February 13, 2025.
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