Trump Says Inflation Is 'Essentially Gone,' But Warns Against Deflation: 'You Gotta Be Careful'

Benzinga

Trump said inflation is “essentially gone” and will edge lower, even as his administration launches a $12B farm-rescue package and new DOJ/FTC task forces targeting food-sector price risks. Economists warned his expectations for falling prices are unrealistic, noting service-sector pressures remain.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:03President Donald Trump said inflation is essentially gone and will go down even a

00:07little bit further, but warned that he does not want deflation, according to Benzinga.

00:13Trump's comments coincided with his administration's rollout of a $12 billion

00:17rescue package to support farmers hurt by low market prices and tariff impacts.

00:22Trump signed an executive order establishing food supply chain security task forces

00:26at the Justice Department and FTC to address risks from price fixing and other

00:31anti-competitive practices.

00:34Treasury Secretary Scott Besant projected 3% GDP growth and said price pressures stem

00:39from the service economy rather than tariffs.

00:42Economist Justin Wolfers said Trump set unrealistic expectations for falling prices,

00:47noting that healthy economies rarely see price declines and that wages,

00:50not deflation, typically rise after inflation.

00:53For all things money, visit Benzinga.com.

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