Trump says "I love the inflation" because U.S. is "taking out" Iranian oil
Trump linked the higher CPI reading to energy costs from the Iran war and said inflation would fall when the conflict ends.
- US President Donald Trump said he 'loved the inflation' caused by the war on Iran and predicted prices would drop after the conflict ends.
- Inflation in the US rose to 4.2% year-on-year in May, the highest in three years, driven largely by surging energy costs after Iran closed the Strait of Hormuz.
- Republicans worry that rising consumer prices may hurt their chances in the upcoming midterm elections, while Democrats criticize the remarks as showing disregard for American families' financial struggles.
- Economists project inflation has peaked and will decline if a near-term resolution with Iran reopens the shipping route, but the Federal Reserve is unlikely to cut interest rates soon due to ongoing inflation concerns.
164 Articles
164 Articles
‘I love the inflation’: Trump comment on price jump sparks backlash
WASHINGTON, United States — US President Donald Trump on Wednesday brushed off concerns about consumer inflation surging to a fresh three-year high in May, on the back of soaring energy prices caused by his war with Iran. “The numbers were great… I love the inflation,” Trump told reporters, a comment pounced on by Democrats who have made rising prices a cornerstone of their campaign to take control of Congress in November’s midterm elections. RE…
“I love the inflation.” President Donald Trump spoke those remarkable words Wednesday evening after inflation rose further to 4.2 percent. Approximately…
While inflation reached 4.2% in May in the United States, President Donald Trump provoked controversy by saying that he appreciates this economic trend US President Donald Trump has
Life is becoming more expensive for people in the US, inflation has been rising to over four percent for the first time in three years. The US President gives himself up – and triggers criticism with two sentences.
Energy prices in the U.S. have increased significantly because of the Iran war and the blockade of the Hormus road. US President Trump's latest figures on the rate of inflation would have to be annoyed, but he claims the opposite.
Trump says “I Love Inflation” as U.S. prices rise at fastest pace in 3 years
U.S. President Donald Trump has sparked controversy after appearing to embrace rising inflation, telling reporters, “I love the inflation,” while responding to fresh economic data showing consumer prices increased at their fastest pace in three years. With the November midterm elections approaching, inflation has once again become a major political issue. Republicans are increasingly concerned that voter frustration over the cost of living could…
Coverage Details
Bias Distribution
- 55% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
