economy
Trump says 'I love the inflation' after consumer price index hits 3-year high
President Trump suggested that inflation would drop when the U.S. war against Iran ends, and said, "We've been taking out millions of barrels of oil."
TL;DR
- President Trump expressed affection for inflation despite a 4.2% annual rate, a three-year high.
- Trump predicted inflation would drop rapidly after the U.S. war with Iran concludes.
- He made confusing statements about the U.S. "taking" millions of barrels of oil and ships from Iran.
- Energy Secretary Chris Wright was unaware of U.S. taking oil from Iran but noted increased oil tanker traffic.
- Republicans are concerned that rising prices could harm their chances in upcoming elections.
- Democrats criticized Trump's comments, highlighting the struggles of families affording necessities.