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Just 34 percent of Americans approve of his handling of inflation and the cost of living, while 62 percent disapprove.
Alex Jaquez, an economist with the Groundwork Collaborative, joined News4JAX anchor Bruce Hamilton on The Morning Show to discuss the things weighing heaviest on the economy.
President Donald Trump’s rating on the economy has hit a record low amid the government shutdown, a CNBC survey has found, with Americans souring on his handling of inflation and jobs. The CNBC All-America Economic Survey,
The president has derided Jay Powell, the Federal Reserve’s chair, as “stupid”, a “numbskull” and a “moron” and called on him to resign. He is also trying to sack Lisa Cook, a member of the Fed’s board of governors. This is part of what analysts and Trump critics describe as a push to take control of the institution.
Americans' job confidence declines under Trump amid economic concerns, with many citing inflation and tariffs as major stressors, according to an AP-NORC poll.
It wasn’t the first time he said that. Since July 1, Trump has referred to the U.S. having "no inflation" 11 times at eight events — a radio interview, a bill signing, bilateral meetings with a foreign leader, gaggles with reporters, a Cabinet meeting, and a roundtable in Florida.
The loss of data has been extensive, and the consequences will be devastating to everything from Social Security to climate change.
The White House says inflation is low and cool. Virtually every alternative calculation paints a less rosy picture.