WASHINGTON (AP) – In his first network television interview after the election two months ago, Donald Trump He said he was in anger over the immigration and inflation of Americans, especially the growing price of the grocery.
“When you buy apples, when you buy bacon, when you buy eggs, they double the price and three times in a short period of time,” he told the NBC’s “Met the Press”. “And I won the elections on the basis of this. We are going to bring these prices down.”
But in the first week of Trump’s return to the White House, his initial blasts were rare. Executive orders Who directly dealt with these prices, in addition to the federal agencies to start. “Following appropriate steps.” He is taking steps to reduce the cost of energy, which Trump hopes to have an impact on the entire economy. Otherwise, his focus is on immigration, which he described as his “no”. 1 problem “Immediately after taking the oath of office.
“They all said that inflation is number 1 problem. I said,” I don’t agree, “Trump said.” I also talked about inflation, but how many times can you say an apple price Did doubled? ‘
Trump is banking on voters who are giving them pass. Former president Joe Biden continued to accuse For high prices. Republican comments reflect the fact that the presidents have almost no lever to reduce inflation without harming other parts of the economy.
Trump can do more on energy. He is pushing to reduce the rules and regulations. Increase the amount of land Is available for drilling. He is trying to persuade domestic and foreign oil producers to sacrifice their profits. By pumping more.
During a rally in Las Vegas on Saturday, Trump followed his Democratic predecessor to allow prices to rise under his supervision, and promised to take care of the issue as soon as possible.
“When I think of Biden, I think about incompetence and inflation,” Trump said.
In June 2022, inflation reached 9.1 percent annually during supply chain problems worldwide following the economic shock of the Corona virus pandemic diseases. Since then, consumer prices have fallen, but in recent months, the latest data available in September, from 2.4% to 2.9% in December, available. Economists have warned that Trump’s tariffs and tax reduction plans can lead to new pressure on inflation and keep interest rates high.
Vice President JD Venus interviewed the CBS “Face the Nation” on Sunday, defending the White House’s work so far.
“Prices are coming down, but it will take a while, okay?” They said. “Rome was not made in a day,” he added.
Solving spending can provide Trump’s relative change for Democrats that he is not supporting working class voters, hopefully the argument is to give the party a way to return to Washington. Can
Senator Chris Murphy, D-Cone, said that Trump preferred to divert people’s attention from inflation by talking about joining Greenland in the United States or occupying the Panama Canal.
He said, “This is Catneyap and because of this everyone stops paying attention to his real economic agenda, which has nothing to do with rigging in the economy to reduce costs and help the mob of the Mart-Laog. Not. “
During an interview on Fox News this week, host Sean Hennett struggled to focus on Trump’s economy.
“Let me go to the economy,” Hennett said on one occasion. “My time is over.”
“The economy is going to make it very good,” Trump insisted.
When Trump talked about inflation in the interview, he noted how low it was during his first term and insisted that if he had been president after the 2020 elections, prices would not go up, though high inflation global There was a trend that was coming from pandemic diseases. .
It is unclear how Trump will persuade oil companies and foreign countries to rapidly increase production, potentially reduce their profits.
Energy Information Administration reports that domestic oil production has increased by about 8.4 % annual rate in the last two years to an average of 13.5 million barrels per day in October. Some Trump’s assistants suggest that this may increase by 3 million barrels daily.
Without serious changes in the global market, it would be difficult to get such extra production in one year. The International Energy Agency estimates that the oil supplied to the world will increase 1.8 million barrels per day to 104.7 million barrels per day. It has also expressed opposition to climate and solar energy, which has put more pressure on the US economy to rely on fossil fuel.
A conservative think tank in Washington, Heritage Foundation’s Research Fellow EJ Antoni said that a possible increase in energy production during Trump’s era would eventually flow through the economy in the form of low prices.
“If you are going to reduce the cost of energy, you are going to reduce the cost of all kinds of goods and services,” he said.
But there is a danger that some of Trump’s overall projects can raise prices – not less -. Illegal deportation of immigrants in the United States can lose low wage workers. Tariff costs, which are taxed on foreign imports, can be transferred to consumers.
Trump said his strategy could eventually include. Putting pressure on the Federal Reserve publicly To reduce interest rates, Davos said he would “demand” lower rates from central banks. The Fed sees its political freedom as a key to making a tough choice to stabilize prices. Biden considered freedom to be protected, while Trump sees it as a problem.
The Fed increased its benchmark rates starting in 2022 to make it more expensive to borrow and achieve a considerable success in reducing inflation pressure to reduce the rates at the end of last year. Can Trump believes that more oil production will put them in a position to tell them what to do.
Asked at the Oval Office, whether he expects the Fed to listen to them, Trump simply said, “Yes.”
