Since returning to office, President Donald J. Trump has focused on reducing inflation and the cost of living, which he attributes to policies from the previous administration. According to a statement released by the White House, inflation rates have been reduced by more than half, gas prices have dropped significantly, real wages are rising again, and household expenses are beginning to decrease.
The statement emphasizes that while progress has been made, additional work is necessary to ensure all Americans benefit from lower costs. The administration claims that Democrats were responsible for creating affordability challenges and that President Trump is committed to addressing these issues.
"President Trump tamed Biden’s inflation crisis — and is working to bring it down further."
"Under President Trump, Americans have made real wage gains — and work continues on reversing the damage they suffered under Biden."
"Americans are spending less on gas than they have in years — and this is only the beginning."
"Housing affordability is finally trending in the right direction."
"Prices for everyday staples are starting to see price declines — and there’s much more to come."
The administration states that its comprehensive approach will continue aiming to reduce prices, increase take-home pay, and strengthen the economy so Americans can experience relief.
"The Trump Administration will not rest until the high prices that resulted from Democrat policies are fully reined in. We’re making progress — and the best is yet to come."
