Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.

Progress reducing the rise in consumer prices has stalled, with recent data coming in hotter than expected. By pressuring the Federal Reserve, Trump could reignite inflation.

Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.

President Trump at a rally in Las Vegas on Saturday promoted his "No Tax On Tips" proposal and talked about how the current tax system punishes workers in the food and beverage industry. "When I think of Biden,

Follow live updates as President Donald Trump is in Miami ahead of a Republican policy conference and Cabinet nominees like Scott Bessent prepare for confirmaiton votes.

President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.

“Today, I will sign a series of historic executive orders. With these actions, we will begin the complete restoration of America, and the revolution of common sense,” said Trump, who at midday Monday became only the second U.S. president to serve nonconsecutive terms, after Grover Cleveland in the late 1800s.

CHARLESTON — West Virginia officials are in contact with the administration of President Donald Trump after an executive order issued by the president earlier this week put payments from the bipartisan infrastructure bill and the Inflation Reduction Act on pause.

9:30 p.m. ET (Saturday, Jan. 25): President Trump said he’d like to see Jordan, Egypt and other Arab nations increase the number of Palestinian refugees they are accepting from the Gaza Strip — potentially moving out enough of the population to "just clean out" the war-torn area to create a virtual clean slate.

Professional and everyday investors have rallied around a plethora of catalysts, including the rise of artificial intelligence (AI), the resiliency of the U.S. economy, a decline in the prevailing rate of inflation, and excitement surrounding stock splits.

Trump eliminated the “Justice40” initiative the Biden administraton had created. It required 40% of the benefits from certain environmental programs go to hard-hit communities.

His pivot reflects the reality that presidents have almost no levers to reduce inflation quickly without causing collateral damage to other parts of the economy