Based on the CPI, the inflation rate ticked up 3% for the 12 months ending in September — the last month for which data are available because of the 43-day government shutdown — and was up 1.7% from January to September. On the day after his inauguration, Trump said, “Before the end of my first full business day in Washington in the White House, we’ve already secured nearly $3 trillion of new investments in the United States.” The number grew by trillions in the months that followed, according to Trump, and by May he said, “I think we can say that we’ll be close to $10 trillion of investment” because of his policies on trade and tariffs. Biden “‘bought’ most of the increase in his term via grants,” Moser said, referring to the Inflation Reduction Act and the CHIPS and Science Act, Biden’s initiatives aimed at creating jobs in clean energy and the manufacturing of semiconductors, among other incentives.
Author: Alan Jaffe
Published at: 2025-12-11 23:29:41
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