U.S. President Donald Trump announced in a new post on his platform "Truth Social" today, Friday, that the American economy is witnessing a noticeable improvement in several key indicators, speaking confidently about the beginning of what he described as a "transitional phase" towards further prosperity.
Trump clarified that gasoline prices have recorded a significant decline, with the price dropping to $1.98 per gallon, the lowest level in years. He also noted a decrease in grocery prices, including egg prices, alongside a drop in energy prices and mortgage rates, as the labor market remains strong.
Trump also pointed out that the huge revenues from tariffs imposed on imports contribute to strengthening the economy, emphasizing that billions of dollars are flowing into the U.S. Treasury thanks to these policies. He added: "Just as I said, we are still only in the transitional phase, we are still at the beginning!"
Trump confirmed that consumers have been waiting for years to see price decreases, expressing his satisfaction with the absence of inflation rates. At the end of his post, he urged the Federal Reserve to lower interest rates, saying: "There is no inflation, the Federal Reserve should lower interest rates!"
These statements come after a jobs report that was better than expected in April, amid widespread anticipation from markets and investors for any potential changes in monetary policy, as the debate over the future of economic growth and financial policies in the United States intensifies.