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Real GDP growth rate by president since 1947 (the quarter in which a new president takes office is attributed to the incoming president) [14] President Political party Period of presidency Average annual real GDP (in trillions) Average annual percentage growth Harry S. Truman (data available from 1947) Democratic: 1945–1953 2.43 4.88%
Average Annual Inflation Rate: 2.8% George W. Bush’s term was characterized by periods of recession — first in 2001, then in 2008 — which kept inflation in check.
The current inflation rate is 2.9%, slightly higher than 2.7% in November and a record high of 9.1% in June 2022. ... President Trump will likely use his fiscal policies to influence inflation ...
Inflation rose to a high of 4.7% during Johnson's presidency in 1968 (it reached 6.2% in 1969, but he was only president for the first 20 days of the year, of course).
However, in real (inflation-adjusted) terms, the growth rate was faster at 1.6% in 2015–2016 versus the 0.3% in 2017–2018, as inflation was higher in the latter period. For all employees, which includes higher wage managers, the pattern is similar, with faster nominal growth in 2017–2018 at 2.7% versus 2015–2016 at 2.4%, but slower real ...
Consumer prices rose 0.5% from December — the fastest pace since August 2023 — resulting in an annual inflation rate of 3% for ... the current trajectory could keep the central bank on the ...
Average unemployment rate and real (inflation-adjusted) hourly wages by U.S. president, LBJ to Biden. As of August 2024, Biden had the best average readings for both measures among these presidents. Widespread predictions of the economy entering a recession in 2023 proved unfounded. [ 37 ]
No president directly controls the inflation rate or the cost of goods and services, but fair or not, the Oval Office's occupant gets credit when prices fall and blame when they rise. Trending Now:...