Economist Warns Trump’s Inflation Will Outpace Biden’s

Trump’s Inflation Claims Draw Fire from Economists

Economist Peter Schiff has pushed back against President Donald Trump’s recent claims of victory over inflation, arguing that the economy continues to face persistent price pressures. In a post on X, Schiff wrote, “Trump claims credit for eliminating inflation, saying he’s already brought it down below 2%, despite inheriting the worst inflation in U.S. history from Biden." His remarks have reignited debate over the true state of inflation under the current administration. The White House / Wikimedia

Schiff Warns Trump’s Inflation Victory Lap Is Premature

On Tuesday, Schiff criticized Trump on X for prematurely celebrating, warning that inflation remains a significant problem. “Not only is inflation not dead,” Schiff wrote, “the average annual rate under Trump will likely exceed the average rate under Biden.” His remarks come as consumers continue to face high prices for food, energy, and housing despite claims of economic improvement. The White House / Wikimedia

Trump Dismisses Inflation Concerns

In a recent CBS interview with Norah O’Donnell, Trump downplayed inflationary fears and deflected blame onto Biden’s administration. “No, you’re wrong. They went up under Biden. Right now they’re going down,” Trump said, insisting that his administration is reversing the trend. Trump acknowledged that beef prices remain elevated but added that he is “working on” bringing them down. The White House / Wikimedia

Prices Rise at Fastest Pace in Months

Sen. Elizabeth Warren (D–MA) has accused Trump of failing to deliver on his promises to reduce costs for working Americans. Her comments followed the release of the latest consumer price index data, which showed prices rising 3% year-over-year in September—the fastest rate since January. Although this figure is below the 9.1% pandemic-era peak, economists caution that true price stability remains elusive. United States Senate / Wikimedia

Economists Warn Inflation Could Accelerate

Moody’s Analytics Chief Economist Mark Zandi added to the concern, noting that “inflation is uncomfortably high and is set to accelerate further in the coming months.” Zandi and other analysts point to Trump’s tariff policies as ongoing contributors to higher prices across key consumer categories, suggesting inflation may remain a persistent issue for households despite political rhetoric. Markus Winkler / Unsplash

Economists Warn Inflation Battle Far From Over

While Trump insists the economy is improving, economists warn that inflation remains a stubborn force. Schiff’s critique highlights a growing divide between political messaging and economic reality. With consumer prices still rising and experts predicting further strain, the battle over who owns the inflation narrative continues to shape the political landscape. The White House / Wikimedia