Trump failed to stop inflation. Republicans may pay the price in midterm elections

A week before midterm elections that amount to a verdict on his second term, President Donald Trump is falling short on his pledge to lower living costs, and Republican control of Congress may be at risk as a result. Consumer prices have outpaced wages for twelve months. Inflation stood at 3% when Trump returned to office and hit 3. 7% last month, though he describes it as under 2% and "under control." He also dismisses affordability as a Democratic con job and predicts that interest rates and oil prices will drop once the war with Iran, which he began, ends, according to The Independent.

Voters are pointing to his tariffs and the unpopular conflict. Filling a Ford F-150 now runs about $100, roughly $30 more than a year ago, and mortgage rates have weighed on home sales. Record diesel costs have raised expenses for shippers and farmers, giving Democrats an opening in Iowa, Kansas, Ohio and Texas. Stephen Moore, a former Trump economic adviser, warned that Republicans could pay dearly for the Iran situation.

Democrats, including Georgia Sen. Jon Ossoff, are accusing Trump of breaking his Day One promise to cut prices.

Summarized by PolitiKool from The Independent’s reporting. Read the full story at The Independent →