Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.

President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.

Incoming White House officials said the presidential memorandum would outline an all-of-government approach to bringing down prices for consumers.

President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.

An executive order released by the White House states, “All agencies shall immediately pause the disbursement of funds appropriated through the Inflation Reduction Act of 2022”.

Price and wage trends point to the Fed hitting its target this year, but whether it gets there now depends on Trump.

President-elect Donald Trump will re-enter the White House next week against a more challenging economic backdrop than when he was sworn in for the first time in 2017 — starting with the threat of inflation.

The U.S. economy has successfully achieved a soft landing, with inflation returning to more normal levels while the labor market grows steadily, said Lael Brainard, the director of the White House National Economic Council,

President Trump, starting his second term, began a slew of executive actions by rescinding 78 Biden-era executive orders, executive actions, and presidential memoranda.

An expected decline in interest rates could be stalled if the prospective tariffs of Donald Trump's second White House administration bleed into markets and shore up inflation, UBS CEO Sergio Ermotti warned Tuesday.

US Fed chairperson Jerome Powell must be pretty worried. Just when he seemed, against all odds, to be on course to pull off the economic soft landing of a lifetime, along comes Donald Trump with his pro-growth and inflationary policy pronouncements,