Trump says inflation is 'defeated' and the Fed has cut rates, yet prices remain too high for many
October 12, 2025 / /
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Inflation has risen in three of the last four months and is slightly higher than it was a year ago, when it helped sink then-Vice President Kamala Harris’ presidential campaign. Yet you wouldn’t know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve.
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