Trump Promised Lower Prices — What Can a President Actually Control?
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Trump Promised Lower Prices — What Can a President Actually Control?
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President Trump made promises to lower prices on everything from gas and groceries to electricity, mortgages, prescription drugs and childcare. But how much control does a president actually have over the prices Americans pay?
Chris Krug and PhD economist Orphe Divounguy break down eight major price categories and examine what drives them — from energy costs and supply shocks to interest rates and federal policy.
Gas, beef, groceries, electricity and childcare have all become more expensive, while 30-year mortgage rates and prescription drug prices have moved in the opposite direction. The discussion also looks at the role of tariffs, the Middle East conflict, Federal Reserve policy and Medicare drug-price negotiations.
So which prices can a president meaningfully influence, and which are largely determined by forces outside the White House?
Everyday Economics is hosted by Chris Krug and PhD economist Orphe Divounguy and is brought to you by The Center Square Newswire Service.
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