Trump claims victory on US economy despite many Americans' cost of living concerns - Donald Trump claimed victory on the economy after 12 months back in office on Tuesday, declaring it to be the "greatest first year in history" as many Americans express alarm over the cost of living.
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Trump claimed his first year created the 'greatest' economy in history, with booming investment, rising incomes, defeated inflation, and tariffs paid by foreign nations boosting manufacturing.
Inflation held steady at 2.7% year-over-year in December 2025, slightly lower than 2.9% in December 2024 under Biden and 3% in January 2025.
The University of Michigan Consumer Sentiment index fell from 71.7 in January 2025 to 51 in November 2025, near its historic low.
The economy added 584,000 jobs in 2025, the lowest annual figure since 2003 outside recession years.
Jerome Powell is the Federal Reserve Chair. Trump criticizes him for a Federal Reserve building renovation over budget and not lowering interest rates enough; Powell faces a Justice Department probe.
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