The White House pushed back against “doomsayers” in the media on Tuesday highlighting several key economic indicators that have benefited from President Donald Trump’s economic policy.
“Ignore the doomsayers – Trump’s economy is STRONG with inflation remaining low. Here’s where prices are falling,” White House Policy Communications Director Jacki Kotkiewicz posted on X. Year over year, the price of several key items have dropped, putting the American consumer at an advantage heading into the busy summer travel season. The cost of gas, smartphones, energy commodities, hotels, airfare, public transportation and fresh vegetables have all seen a drop in price from July of last year, according to the White House.
While prices may have dropped for some consumer products, inflation did rise to 2.7% year over year in June, which was the highest percentage since February. Trump has blamed inflation on high interest rates, urging Federal Reserve Chairman Jerome Powell to take action.
Read more at Newsmax© 2025 Newsmax. All rights reserved.
