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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