“President Trump immediately took action on day one to unleash American energy, which will drive down costs for families across the country," said Anna Kelly, the deputy White House press secretary. "He has already ended the failed economic policies of the past four years that skyrocketed inflation, which were rubber-stamped by Elizabeth Warren.”

Reality will soon crash into this administrations fantasies.

nbcnews.com/news/us-news/democ…

Democrats slam Trump for not making good on promise to lower food prices

Trump vowed to slash grocery prices as soon as he took office, yet he has barely addressed the cost of food so far, Sen. Warren and others wrote in a letter.

^{Elizabeth Chuck (NBC News)}

I’m 55 and I have zero confidence in Trump’s economic management skills. He caused the inflation during the Biden years. Why aren’t the inflationary moves Trump made during his first administration reported?

This time inflation is coming back faster due to his first flurry of moves: tariffs, shrinking the labor pool, laying off government workers. This isn’t going to be a good 4 years.

wsj.com/economy/u-s-consumers-…

So far, the president has done nothing but put more inflationary pressure on the economy.

I just want to remind everyone that Bush Jr. had both houses of congress for 6 years. Remember what happened at the end of his term? Hint: it was 2008.

politico.com/news/2025/01/28/t…

The Fed is trying to contain inflation. The president is trying to reignite it.

wsj.com/economy/trade/canada-m…

I am one of the people who feels like we’re in for another inflationary period.

cnn.com/2025/02/07/business/hi…

File under: no duh.

wsj.com/economy/consumers/amer…

This is going to get worse before it gets better.

archive.is/2025.02.09-194114/f…

“Traders in the US are paying much higher prices for copper, aluminium and steel than their European counterparts as they rush to buy the metals ahead of President Donald Trump’s tariffs.”

Remember when the president said he’d get prices down?

archive.is/2025.02.10-163249/f…

The combined effect of price increases from Trump’s tariffs themselves and the implied uncertainty surrounding them and Trump’s broader economic plans could impede progress on the “disinflation” sought by economic policymakers.

The early numbers are in and they don’t look good.

nbcnews.com/business/economy/j…

Inflation report for January to show U.S. price growth remains elevated, posing challenge to Trump

The final inflation report covering the Biden administration is expected to show President Donald Trump inheriting an unfavorable inflation situation.

^{Rob Wile (NBC News)}

The report, which marks the fourth consecutive month of higher inflation, showed that the following items saw price increases on a month-over-month basis.

Eggs: 15.2%
Fuel oil: 6.2%
Used cars and trucks: 2.2%
Auto insurance: 2%

cbsnews.com/news/cpi-report-ja…

Inflation rate picked up in January, CPI report shows. Here's what it means for your money.

The Federal Reserve's progress on taming inflation has stalled out. That could mean fewer rate cuts in 2025.

^{Aimee Picchi (CBS News)}

@mkj

I wish inflation worked that way.

Here comes inflation. It starts at the edges and then creeps deeper into the economy.

The Trump tariffs are performing their inflationary job just as economists predicted. Before you see it in large businesses, small businesses will start to feel the pain.

theverge.com/news/613111/trump…

Small businesses are already feeling Trump’s tariffs

Walnut Studiolo sells handmade leather goods produced in the US. It’s already seeing costs increase following Trump’s tariffs.

^{Mia Sato (The Verge)}

“One food manufacturer responded that the items it imports will get more expensive because of tariffs, and higher prices will be borne by consumers.

‘I have more uncertainty about the future business/consumer environment than ever before in my 40 years of operating businesses,’ the food manufacturer said.”

#trumpflation is here and it’s getting worse.

finance.yahoo.com/news/egg-pri…

“In January, the share of subprime auto borrowers at least 60 days past due on their loans rose to 6.56%, the most since the data collection began in 1994, according to Fitch Ratings.

A slowing economy and the ongoing impacts of inflation have made it harder for many consumers to stay current on their bills. Auto loans have been a particular pain point, with higher car prices and elevated borrowing costs driving a surge in repossessions.”

fa-mag.com/news/americans-fall…

“‘There’s going to be a short period of time where there will be some higher prices on certain products. It’s not inflation, that’s nonsense. It’s certain products for a short period of time,’ Lutnick said in an interview Wednesday on Fox News.”

Says Trump’s commerce secretary, who - I guess - doesn’t understand what inflation is.

nbcnews.com/politics/trump-adm…

Trump and his allies hint at economic pain ahead for Americans

President Donald Trump and his allies have begun suggesting that some economic pain could be ahead for Americans, as the administration carries out plans to slap tariffs on billions of dollars of goods coming into the U.S.

^{Shannon Pettypiece (NBC News)}

Treasury Secretary Scott Bessent defended President Trump’s global trade tariffs…explaining that the Trump administration’s “America First trade policy” involves more than low prices.

“Access to cheap goods is not the essence of the American dream.”

Tariff revenue is going to pay for tax cuts…so…you know who will suffer and who won’t.

The people who depend on cheap goods will pay the people who claim to understand the “essence” of the American dream.

thehill.com/homenews/administr…

People - something should be obvious right now. Trump is going to put tariffs in place and then use the money to pay for tax cuts for the rich. This will likely work short-term, but be a long-term fiscal disaster.

Also - Trump does not care about the states who will get energy increases. But I guess he doesn’t understand that energy increases will get spread out to the greater economy.

thehill.com/business/5185665-s…

“Stephen Moore, an economist at the Heritage Foundation who is a former economic adviser to Mr. Trump, said the issue for the president is the timing. Mr. Moore said Mr. Trump should have waited until Congress passed tax cuts to institute tariffs.”

We need tariffs! We don’t need tariffs! The timing is wrong! We’ll have a booming middle class! Oh there might be some problems with the economy.

Mr. Moore just told us here the president is incompetent.

nytimes.com/2025/03/10/us/poli…

Trump Promised Americans Booming Wealth. Now He’s Changing His Tune.

President Trump’s sweeping promises are running headlong into the reality of governing.

^{Tyler Pager (The New York Times)}

“Small businesses say they’re increasing prices — the NFIB reported a 10-percentage-point increase in owners raising average selling prices. That’s the biggest jump since April 2021 and the third-highest jump ever.”

Remember when Trump blamed Biden for inflation?

marketwatch.com/story/small-bu…

“Tariffs have two effects: One, they push up prices. And two, they push down growth,” Dudley said. “The Trump administration is making things worse with this on-again, off-again approach. The uncertainty level is higher than it needs to be.”

cnbc.com/2025/03/11/airline-ce…

Airline CEOs warn domestic travel demand is slowing

Airline CEOs say economic uncertainty and a drop in government travel is driving down domestic travel demand.

^{Leslie Josephs (CNBC)}