Former President Donald Trump has praised the latest December inflation figures, calling them "one of the most encouraging economic signals in years." He highlighted the sharp decline in inflation to multi-year lows, suggesting it reflects improving economic fundamentals and creates the perfect backdrop for monetary policy shifts.
Time for Rate Cuts? Trump Calls on Fed to Act
Trump urged the Federal Reserve to seize this moment of subdued inflation to deliver aggressive rate cuts. "Rates should be lower to boost investment and consumer spending," he said, warning that hesitation would leave policy perpetually "one step behind." He argued that a more accommodative stance could extend the current growth cycle.
- December CPI posts weakest annual gain in nearly three years
- Core inflation declines for sixth straight month
- Manufacturing and retail indicators show renewed strength
Tariffs Credited as Growth Catalyst
Trump also credited past tariff policies for contributing to sustained economic resilience, citing increased domestic production and improved trade dynamics. "We're rebuilding American industry," he stated, emphasizing the long-term benefits of strategic economic measures. Analysts suggest the combination of low inflation and solid growth may strengthen the case for a policy pivot in 2024.