20th Anniversary Deals: Get Them While They Last
In a Fox News interview with Sean Hannity, President Trump has conceded that “inflation is back,” contrary to his campaign promise of immediate price control, but firmly places responsibility on his predecessor’s policies.
January’s inflation report showed the biggest monthly increase since August 2023, with prices rising 3% year-over-year for the first time since June 2024. While Trump accurately notes that Biden held office for most of the period covered in the latest inflation report, his attribution of inflation to Biden’s “Green New Scam” and claims of $9 trillion in spending are contested.
Economists remain divided on the causes of inflation during Biden’s tenure, which saw prices rise throughout his first year and peak at a 40-year high in June 2022 before declining. Trump’s assertions about Biden’s green initiatives particularly lack clear support, as no such comprehensive legislation was ever enacted.
