Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.
In the 6 p.m. hour, Mr. Trump signed more orders before a packed Capital One Arena, in Washington, D.C. Among them, a requirement that federal workers return to full-time work in person immediately, a freeze on all federal hiring, except by the military and some other excluded categories.
President Trump reverses Biden's order to cap out-of-pocket costs for prescription drugs, potentially increasing costs for Medicare and Medicaid recipients.
President Joe Biden looked back at his time in the Oval Office as a period of "hope, progress, and possibility," he said.
Inflation peaked at a 9.1% annual rate in ... will put him in a position to tell the Fed what to do. Asked in the Oval Office if he expects the Fed to listen to him, Trump simply said, “Yeah.”
Inflation peaked at a 9.1% annual rate in ... will put him in a position to tell the Fed what to do. Asked in the Oval Office if he expects the Fed to listen to him, Trump simply said, “Yeah.”