Economists dispute Trump's economic claims as US midterms approach
Data cited in a Guardian report shows inflation higher and growth lower than under the previous administration, as critics push back on the president's claims about the economy.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
As the US midterm elections approach, President Donald Trump has repeated his description of the US economy as "the greatest economy in history," a claim disputed by economists and polling cited in a report by the Guardian.
According to the Guardian, Trump made the remark recently at a White House press gaggle. The report notes that, by several measures cited, inflation is higher and economic growth is lower than when Joe Biden left office, and that gasoline prices have risen by roughly 50% since the start of the conflict with Iran referenced in the article. The report also cites polling indicating that 73% of Americans view the economy as being in fair or poor condition, with 48% describing it as poor.
The Guardian's report says the Federal Reserve recently raised interest rates, citing concern about inflation.
The report quotes Darrick Hamilton, described as chief economist for the AFL-CIO, the largest US union federation, as saying: "It's bluster, it's gaslighting for him to say the economy is the greatest ever," and adding that the economy is "trending down by many measures," which he attributed in part to what he called the administration's "unforced errors."
The Guardian's report does not include a direct response from the White House to Hamilton's specific characterization, beyond the president's own public remarks about the economy's performance.
Sources
- As the US midterms approach, Trump’s boasts on the economy fall flat with voters — The Guardian — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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