1/28, 11:59 PM (Source: TeleTrader)
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Trump claims he would defeat inflation rapidly

Former United States President Donald Trump insisted on Saturday that his administration would've beaten the inflation crisis "rapidly" by stopping the federal government's "spending insanity."

The annual inflation rate in the US declined over the past six months from 9.1% in June to 6.5% in December amid the Federal Reserve's continuous rate hikes. "Everything is causing inflation nowadays," Trump told a rally in Columbia, South Carolina.

Trump blasted the Biden administration's record spending which reached 3.44 trillion this month. The government spending to GDP ratio was last reported at 37%.

Baha Breaking News (BBN) / ND