Close Menu
    Facebook X (Twitter) Instagram
    TRENDING :
    • 800 Pound Gorilla goes direct-to-fan with a comedy streamer
    • Trump’s Fed nominee, a wealthy investor, will face tough Senate questions about transparency
    • Apple stock is having a surprisingly muted reaction to CEO Tim Cook’s exit. Here are 3 reasons why
    • Yelp adds AI-powered search and booking for local services
    • You could see up to 20 shooting stars an hour this week—if you know when to look
    • The real reason so many enterprise AI initiatives are failing? LLMs were never built to run a company 
    • Socrates – War- & Future
    • How to respond to ‘benevolent sexism’ at work
    Compatriot Chronicle
    • Home
    • US Politics
    • World Politics
    • Economy
    • Business
    • Headline News
    Compatriot Chronicle
    Home»Business»Trump will discuss the inflation crisis next week in Philadelphia
    Business

    Trump will discuss the inflation crisis next week in Philadelphia

    December 5, 20254 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email

    President Donald Trump plans to travel to Pennsylvania on Tuesday to highlight his efforts to reduce inflation even as fears mount about a worsening job market and amid signs that Americans are still feeling squeezed by high prices.

    A White House official said Trump would be making the trip to discuss ending the inflation crisis that he says was inherited from his predecessor, Joe Biden. The official spoke on condition of anonymity because the trip has not been formally announced. It was not immediately clear where in Pennsylvania Trump would be visiting.

    Last month’s off-year elections showed a shift away from Republicans as public concerns about affordability persist. White House officials said afterward that Trump—who has done relatively few events domestically—would put a greater emphasis on talking directly to the public about his economic policies.

    The president has said that any affordability worries are part of a Democratic “hoax” and that people simply need to hear his perspective to change their minds—an approach also embraced by Biden, who in early 2024 went to the Pennsylvania borough of Emmaus to take credit for economic improvements after inflation spiked in 2022.

    The trip hints at the dilemma faced by Trump. He wants to take credit for rewiring the U.S. economy with his large tariff hikes and extension of income tax cuts, but he also continues to blame Biden for the increase nationwide in inflation rates that occurred this year during his own presidency. Overall, inflation is tracking at 3% annually, up from 2.3% in April when Trump rolled out a sweeping set of import taxes.

    “We fixed inflation, and we fixed almost everything,” Trump said at Tuesday’s Cabinet meeting. He called affordability “a hoax” that was “started by the Democrats who caused the problem of pricing.”

    Trump won Pennsylvania narrowly last year with 50.4%, besting Democrat Kamala Harris by roughly 120,000 votes. The win was part of a broader sweep in battleground states that helped return him to the White House after his 2020 loss.

    AP VoteCast, an extensive survey of voters in the 2024 election, found that 7 in 10 Pennsylvania voters were “very concerned” about the cost of food and groceries. Roughly half expressed the same degree of worry over healthcare costs and the price of gasoline.

    While Trump can point to a decline in gasoline prices, he’s now facing inflationary pressures on utilities and a massive increase in insurance premiums for people who get their health care through the Affordable Care Act.

    Pennsylvanians who buy their own health insurance coverage are likely to see their costs increase on average by 21.5% because of the expiration of tax credits tied to the Affordable Care Act, the state said in October.

    Pennsylvania has yet to see the boom that Trump promised would instantly happen with his return to the White House.

    The state has largely preserved its Biden-era job growth under Trump, but its unemployment rate has risen to 4%, from 3.6%, over the past 12 months, according to the Bureau of Labor Statistics. There has been an increase of roughly 24,000 people who say they’re unemployed.

    Annual inflation in the Philadelphia area is 3.3%, roughly the same as last year.

    The Philadelphia Federal Reserve’s Beige Book in November documented an economy in decline, saying that hiring has flattened, warehouse workers are getting fewer hours on the job, inflationary pressures are coming from tariffs, and sales of existing homes are decreasing. Separately, the regional Fed branch’s manufacturing survey last month showed that factory activity weakened.

    The news outlet Axios first reported Trump’s plans to travel to Pennsylvania.

    —By Josh Boak, Associated Press



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    800 Pound Gorilla goes direct-to-fan with a comedy streamer

    April 21, 2026

    Trump’s Fed nominee, a wealthy investor, will face tough Senate questions about transparency

    April 21, 2026

    Apple stock is having a surprisingly muted reaction to CEO Tim Cook’s exit. Here are 3 reasons why

    April 21, 2026
    Top News

    Green revolution: The evolving story of biobased products

    By Staff WriterNovember 4, 2025

    As the global climate and environmental crisis accelerates, the urgency for sustainable alternatives to fossil…

    Europe Starting The Pre-War Controls

    October 1, 2025

    How Taco Bell is becoming the Apple of fast food

    March 3, 2026

    AMD, ARM, INTC, NVDA: Chip stock prices are falling across the board today. Here’s the reason why

    November 18, 2025
    Top Trending

    800 Pound Gorilla goes direct-to-fan with a comedy streamer

    By Staff WriterApril 21, 2026

    A new streaming service is betting that comedy doesn’t need to be…

    Trump’s Fed nominee, a wealthy investor, will face tough Senate questions about transparency

    By Staff WriterApril 21, 2026

    Kevin Warsh is taking another step toward his decade-long goal of winning…

    Apple stock is having a surprisingly muted reaction to CEO Tim Cook’s exit. Here are 3 reasons why

    By Staff WriterApril 21, 2026

    Yesterday, Apple announced that its longtime CEO, Tim Cook, will step down…

    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    About us

    The Populist Bulletin serves as a beacon for the populist movement, which champions the interests of ordinary citizens over the agendas of the powerful and entrenched elitists. Rooted in the belief that the voices of everyday workers, families, and communities are often drowned out by powerful people and institutions, it delivers straightforward, unfiltered, compelling, relatable stories that resonate with the values of the American public.

    The Populist Bulletin was founded with a fervent commitment to inform, inspire, empower and spark meaningful conversations about the economy, business, politics, inequality, government accountability and overreach, globalization, and the preservation of American cultural heritage.

    The site offers a dynamic mix of investigative journalism, opinion editorials, and viral content that amplify populist sentiments and deliver stories that echo the concerns of everyday Americans while boldly challenging mainstream narratives that serve the privileged few.

    Top Picks

    800 Pound Gorilla goes direct-to-fan with a comedy streamer

    April 21, 2026

    Trump’s Fed nominee, a wealthy investor, will face tough Senate questions about transparency

    April 21, 2026

    Apple stock is having a surprisingly muted reaction to CEO Tim Cook’s exit. Here are 3 reasons why

    April 21, 2026
    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    Copyright © 2025 Populist Bulletin. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.