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Trump Shrugs Off High Prices Amid Iran War and Says ‘I Love the Inflation’

As inflation outpaces workers’ wages, the Trump administration insists that its agenda is working.

© Doug Mills/The New York Times

Speaking at a bill signing on Wednesday, President Trump predicted that inflation would recede quickly, once the Iran conflict concludes.“ It’s going to come down like a rock.”
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Inflation Keeps Prospects of a Fed Rate Cut Low

The Consumer Price Index is one of the last major data releases ahead Kevin M. Warsh’s first meeting as chair of the Federal Reserve.

© Anna Rose Layden for The New York Times

The Federal Reserve building in Washington. The central bank is expected to hold rates steady for the foreseeable future.
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