Tuesday 14 October 2025
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wn.com - 11 hours ago

Trump says inflation is defeated and the Fed has cut rates, yet prices remain too ...

WASHINGTON — 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 Donald Trump or even some of the inflation fighters at the Federal Reserve. Trump told the United Nations General Assembly late last month: Grocery prices are down, mortgage rates are down, and inflation has been defeated. A woman looks at shoes at a Sam s Club, Sept. 24, in Bentonville, Ark. Charlie Riedel, Associated Press And at a high-profile speech in August, just before the Fed cut its key interest rate for the first time this year, Federal...


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