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Writing in The Washington Post, Phillip Bump explained that for Trump's first term as of September 2019, performance on several key variables was comparable or below Obama's second term (January 2013 – September 2016), as follows: 1) Real GDP was up 7.5% cumulatively under Obama, versus 7.2% under Trump; 2) The total number of jobs was up 5.3 ...
The federal government ran deficits under Presidents George W. Bush and Barack Obama, and during Trump's first term, and yet inflation remained under control until 2021.
Inflation began surpassing income growth just as Biden took office in 2021 and never stopped until the start of 2023. That held true even though wages rose faster under Biden than during Trump’s ...
Trump will inherit an economy growing at a brisk pace of around 3% even as inflation has come way down from its peak, with the unemployment rate at a historically low 4.2%.
Scott Bessent, a hedge fund executive who could become Trump’s Treasury secretary, has also dismissed the inflation concerns. “The idea that he would recreate an affordability crisis is absurd ...
Concerns about inflation helped send Trump back to the White House. Yet under his proposed policies, inflation could come roaring back. Inflation ticked up to 2.6% in October, its first increase ...
President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working ...
Inflation tends to be a primary concern of American voters and consumers, as inflation rates can make are what cause prices on retail items, vehicles, groceries, gas and more to rise or fall. As ...