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.
In the 6 p.m. hour, Mr. Trump signed more orders before a packed Capital One Arena, in Washington, D.C. Among them, a requirement that federal workers return to full-time work in person immediately, a freeze on all federal hiring, except by the military and some other excluded categories.
President Donald Trump said Monday that he expects to put 25% tariffs on Canada and Mexico starting on Feb. 1, while declining to flesh out his plans for taxing Chinese imports.
President Joe Biden looked back at his time in the Oval Office as a period of "hope, progress, and possibility," he said.
Inflation peaked at a 9.1% annual rate in ... will put him in a position to tell the Fed what to do. Asked in the Oval Office if he expects the Fed to listen to him, Trump simply said, “Yeah.”
Inflation peaked at a 9.1% annual rate in ... will put him in a position to tell the Fed what to do. Asked in the Oval Office if he expects the Fed to listen to him, Trump simply said, “Yeah.”
President Trump reverses Biden's order to cap out-of-pocket costs for prescription drugs, potentially increasing costs for Medicare and Medicaid recipients.
We need to see what actually can get done in this first year. Because the first year is sort of that magic window."
Curbing inflation will “automatically” push down interest rates, the president says.