Prices are rising faster than wages in the US, and President Donald Trump’s policies are a key reason why. Now is the time for the Democratic Party to advance a credible and specific “affordability platform” that addresses the biggest culprits, from tariffs and energy prices to mass deportation of immigrants.
CAMBRIDGE—US President Donald Trump campaigned on a promise to end inflation “starting on day one.” He even pledged to lower the price level, which would require holding inflation below zero. Instead, he has acted as if he were going out of his way to drive up inflation in the United States.