The article from the White House outlines economic progress during President Trump’s administration, focusing on declining inflation rates and improvements in purchasing power for American workers. It reports that the average inflation has decreased to 2.7% during Trump’s second term, in contrast to nearly 5% under the Biden administration. Additionally, various consumer prices have fallen, and the administration claims an increase in real wages and significant savings for American families attributed to deregulatory efforts and tax cuts.
The article also highlights the positive effects of President Trump’s economic policies, noting that gasoline prices have reached their lowest point in over four years, which has contributed to reduced overall spending on energy for households. It mentions a notable decline in mortgage rates and acknowledges decreasing costs for various staple goods, which the administration links to its economic strategies aimed at achieving energy dominance. Furthermore, the report cites a record employment rate, claiming that 1.9 million more American-born workers are employed compared to when Trump took office.
Overall, the Trump administration emphasizes its commitment to ongoing efforts to lower high prices stemming from previous policies and projects further improvements in the economy. These efforts include spending reductions and initiatives designed to encourage job creation and investment within the United States. The administration expresses optimism that these initiatives will cultivate a stronger economy and enhance financial well-being for American families.
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