Summary
President Donald Trump spoke about lowering prices in the U.S. amidst concerns over the cost of living. He credited his administration for bringing inflation back to normal levels and took steps like lowering tariffs on certain food items. Trump also discussed affordability issues, noting that many Americans still have concerns about the economy.
Key Facts
- President Trump addressed McDonald's franchise owners about lowering prices and inflation.
- He claimed his administration brought inflation rates back to "normal" levels.
- Trump plans to reduce tariffs on 200 food products, such as beef and coffee.
- He proposed the idea of tariff-funded $2,000 rebate checks and 50-year mortgages to help with affordability.
- Despite progress, 66% of people still feel Trump has not met expectations regarding affordability.
- Inflation reached 3% in October, above the Federal Reserve’s 2% target.
- The speech included praise for McDonald's efforts to offer more affordable menu options, like extra value meals.
- Trump blamed previous economic management under Joe Biden for current cost pressures.
