Washington, D.C. – President Donald Trump on Wednesday revealed his long-awaited strategy to combat inflation and lower consumer prices, touting his administration’s economic agenda now that he has returned to the White House with a Republican-controlled Congress.
The president outlined his plan in a post on his Truth Social platform, where he took aim at Federal Reserve Chairman Jerome Powell and blamed the central bank for failing to curb inflation. His announcement follows months of campaign promises to bring down costs for everyday Americans.
“Because Jay Powell and the Fed failed to stop the problem they created with Inflation, I will do it by unleashing American Energy production, slashing Regulation, rebalancing International Trade, and reigniting American Manufacturing,” Trump wrote. “But I will do much more than stop Inflation, I will make our Country financially and otherwise powerful again!”
In addition to pledging traditional conservative economic measures such as deregulation and boosting domestic energy production, Trump also seized the opportunity to criticize “woke” initiatives, which he claims have contributed to inflation.
“The Fed has done a terrible job on Bank Regulation,” Trump wrote. “Treasury is going to lead the effort to cut unnecessary Regulation and will unleash lending for all American people and businesses. If the Fed had spent less time on DEI, gender ideology, ‘green’ energy, and fake climate change, Inflation would never have been a problem. Instead, we suffered from the worst Inflation in the History of our Country!”
The president’s remarks reflect a continuation of his broader economic messaging, which ties inflation and rising costs to progressive policies and government overreach. Trump has long criticized diversity, equity, and inclusion (DEI) initiatives, as well as environmental regulations, as unnecessary burdens on businesses and economic growth.
However, Trump has faced growing criticism in recent days for failing to deliver on his inflation-fighting promises. While his administration has moved quickly on executive orders related to immigration and energy policy, tangible reductions in consumer prices have yet to materialize.
Economic analysts remain skeptical about the effectiveness of Trump’s approach, particularly his assertion that regulatory rollbacks and increased domestic energy production will directly combat inflation. Many economists argue that inflation is primarily influenced by monetary policy and global supply chains rather than domestic regulatory policies.
Despite these challenges, Trump’s plan signals his administration’s commitment to prioritizing inflation as a key issue, and with Republicans controlling both chambers of Congress, he is expected to push for aggressive economic reforms in the coming months.
As the White House moves forward with its agenda, the effectiveness of Trump’s economic strategy—and whether it can deliver relief to struggling Americans—will be closely watched.