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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 ...
According to a Vox analysis, the inflation rate was always under 3% and sometimes under 2% during all four Trump years before cratering to near zero during the peak pandemic, with wage growth ...
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%.
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.
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 ...
Financial experts, like Ben Johnston, agree that Trump’s policies will increase inflation in the short run. Johnston mentioned how higher tariffs can elevate the costs of goods and services ...
Inflation was much lower under Trump, never topping an annual rate of 2.4%, according to the Bureau of Labor Statistics. The annual rate reached as high as 8% in 2022 under Biden and is currently ...
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 ...