“The president knows his plans,” a White House official said, speaking on the condition of anonymity because the official wasn’t authorized to discuss the matter publicly. The official declined to provide details and referred further questions to various federal agencies. Hassett did not respond to requests for comment.
Trump’s joint address to Congress on Tuesday featured no new actions or proposals on the No. 1 issue for voters in November: the economy. Instead, he blamed his predecessor for higher prices for staples such as eggs and fuel, as well as agricultural products, and previewed more pain to come because of his raising tariffs on imports from the United States’ largest trading partners (China, Canada and Mexico).
“It may be a little bit of an adjustment period,” Trump said. “There’ll be a little disturbance, but we’re okay with that. It won’t be much.”
Consumer prices rose 3 percent in January relative to a year earlier, the highest rate since June, according to the Bureau of Labor Statistics. Energy costs rose 1 percent, after five months of year-over-year declines. Eggs spiked to a record $4.95 per dozen, as millions of hens were slaughtered to contain an ongoing bird flu outbreak.
Disclaimer
The information contained in South Florida Reporter is for general information purposes only.
The South Florida Reporter assumes no responsibility for errors or omissions in the contents of the Service.
In no event shall the South Florida Reporter be liable for any special, direct, indirect, consequential, or incidental damages or any damages whatsoever, whether in an action of contract, negligence or other tort, arising out of or in connection with the use of the Service or the contents of the Service. The Company reserves the right to make additions, deletions, or modifications to the contents of the Service at any time without prior notice.
The Company does not warrant that the Service is free of viruses or other harmful components
