Trump Remains Victorious in the Inflation Battle, Contrary to Mainstream Media Reports
In stark contrast to the dire economic predictions flooding mainstream media, President Donald Trump continues to steer the ship of inflation towards victory. And let's face it, the numbers don't lie.
Economist EJ Antoni tells it like it is, "Month after month we've had stellar inflation reports this year," he said, "Now those naysayers have egg on their face, just like they did under Biden. They were wrong then, they are wrong now."
Trump, it seems, always knows what he's doing. The good news is, the victories aren't limited to inflation.
"Not only have we seen energy prices halt their rise, but they've actually started to drop," Antoni shared with KTRH, "But overall, what we've really seen from most consumer staples is that the increases have ended."
In other words, no more inflation headaches for us! Sadly, Antoni predicts that The Fed won't be joining the party.
"With all the indicators pointing towards an interest rate cut today, it's more in favor of one than it was in the fall of last year before the election," Antoni noted, "I mean, come on! How can you call that anything but politically motivated?"
The Fed will wrap up their June meeting later today.
Now, before we get into a Trump vs. Biden smackdown, let's delve a bit deeper:
During Trump's first term (2017-2021), the average year-over-year inflation rate hovered around 2.46%, remaining surprisingly low. The Fed kept interest rates near zero for most of that period, allowing the economy to steadily grow. Stimulus measures, such as the $2 trillion CARES Act during the COVID-19 pandemic, helped cushion the economic blow[1][3].
In comparison, under President Biden (2021-2025), inflation average rose to about 4.95% - nearly doubling Trump's term average. Inflation soared, peaking at a staggering 9.1% year-over-year in June 2022, the highest in over 40 years. The Federal Reserve fought back with 11 interest rate hikes, but inflation lingered above their 2% target throughout Biden's term[1].
On the bright side, wage growth started outpacing inflation after Trump's presidency, with real wages increasing at an annualized 1.7%. This is a positive sign compared to the early months of Biden's administration, when inflation outpaced wage growth[4].
Bottom line: Inflation during Trump's tenure was far more stable and lower compared to the inflated rates (no pun intended) under Biden's presidency so far. Here's to hoping The Fed comes to its senses!
- The contrast between the stable and lower inflation rates during President Trump's tenure (2017-2021) and the inflated rates under President Biden (2021-2025), which nearly doubled Trump's term average, is a significant point of discussion in policy-and-legislation and general-news.
- The ongoing debate in politics revolves around the economic policies implemented during both President Trump and President Biden's terms, with economist EJ Antoni's assertions suggesting that The Fed's interest rate decisions, particularly the potential interest rate cut today, could heavily influence these policies and, ultimately, the nation's economic stability.
