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Trump says inflation is 'defeated' and the Fed has cut rates, yet prices remain too high for many

Trump says inflation is 'defeated' and the Fed has cut rates, yet prices remain too high for many
business10/12/2025

Inflation has risen in three of the last four months and is slightly higher than it was a year ago. Yet you wouldn’t know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve who have dismissed or even downplayed inflation.

WASHINGTON (AP) — Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris’ presidential campaign. Yet you wouldn’t know it from listening to President D... [6639 chars]