Trump to tout economic gains in Pennsylvania

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(NewsNation) — President Donald Trump on Tuesday is set to tout his administration’s economic gains in Pennsylvania, a battleground state he won last year, as he pushes back on affordability concerns from millions of Americans.

Trump says he’s fixing the economy, pointing to data, such as from GasBuddy, showing the price for a gallon of regular gas is down 17 cents from the same time last month and down almost a dime from the same time last year. He also says his tariff plan will put money in the pockets of the middle class.

“We’re making so much money with tariffs that we’ll also be able to make a nice dividend to middle-income people,” Trump said at the Kennedy Center Honors on Sunday night.

But numbers from the Commerce Department raised concerns in its most recent September report. The agency found core inflation was up almost 3% from the same time last year.

A late November poll from Yahoo and YouGov also found that nearly half of respondents believe Trump has done more to increase prices.

Trump recently called affordability a “Democrat con job,” a sentiment echoed by Treasury Secretary Scott Bessent on Sunday.

“We’ve made a lot of gains, but remember, we’ve got this embedded inflation from the Biden years,” Bessent told CBS’ “Face the Nation.” “Democrats created scarcity, whether it’s in energy or overregulation, that we are now seeing this affordability problem, and I think next year we’re going to move on to prosperity.”

Trump’s attention this week also turns to the Federal Reserve, which plans to announce on Wednesday where to set interest rates that impact what Americans pay for mortgages, credit cards and car loans.

Financial services company CME Group estimates an 88% chance the Federal Reserve will lower interest rates this week.

Politics

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