Trump Predicts How Iran Escalation Will Affect Economy
President Donald Trump expects inflation to remain low, even though renewed strikes on Iran could result in higher energy costs.
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The Tuesday Consumer Price Index showed that inflation dropped to 3.5% in June, but it is unclear if the trend will continue in July, as Trump notified Congress that “limited” military action against Iran has resumed. He has struck Iran for three consecutive nights while Iranian missiles have hit tankers in the Strait of Hormuz.
When asked by the Daily Signal if inflation will remain down next month, Trump said, “I think so.”
“We had the worst inflation in history, and the history of our country,” Trump said. “I mean, we had months where it was 9 and 10%, and now we have a report that just came out. It was just released.”
“Thank you for bringing it up, but the report was incredible,” Trump said. “That means prices are coming way down, and we’re doing a great job.”
Trump looked at the cameras and said, “Remember that for the midterms.”
“Remember that, because nobody else could do it,” he said. “Prices are way down. Prices are coming way down, and we’re going to bring them much lower yet.”
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I am just an average American. My teen years were in the late 70s and I participated in all that that decade offered. Started working young, too young. Then I joined the Army before I graduated High School. I spent 25 years in, mostly in Infantry units. Since then I've worked in information technology positions all at small family owned companies. At this rate I'll never be a tech millionaire. When I was young I rode horses as much as I could. I do believe I should have been a cowboy. I'm getting in the saddle again by taking riding lessons and see where it goes.
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