A former president has reiterated his claim of an "unprecedented" economic record despite mounting economic challenges, including rising inflation, slower growth, and surging gas prices tied to geopolitical tensions. Polling shows a majority of Americans view the economy negatively, with nearly half describing its condition as poor. The Federal Reserve’s recent interest rate hike reflects growing concerns over inflation, contrasting with the administration’s upbeat economic messaging. The discrepancy between official claims and public sentiment underscores deep divisions over the state of the economy.
Trump had told Axios he expected talks to resume a day after he rejected Iran’s proposal to reopen the strait of HormuzSign up for the Breaking News US emailDonald Trump has taken to repeating a familiar boast: “We have the greatest economy in history,” Trump said recently at a White House press gaggle. The boast comes even though inflation is higher and economic growth lower than when Joe Biden left office, even though gas prices have jumped around 50% since the war against Iran started, and even though 73% of Americans think the economy is in fair or poor shape (48% say it’s in poor shape). What’s more, the Federal Reserve is so worried about inflation that it just raised interest rates. Continue reading...
