Donald Trump Says He 'Loves Inflation' Amid Rising Prices Due To Iran War

President Donald Trump dismissed concerns about surging consumer inflation, stating he "loves the inflation." Speaker of the House Mike Johnson argued that the comments were taken out of context, while Senate Democratic Minority Leader Chuck Schumer criticized Trump's apparent disregard for Americans struggling with rising prices. The consumer price index (CPI) rose 4.2 percent year-on-year in May, driven by soaring energy prices caused by the US-Israel war against Iran. Economists predict inflation may peak and trend lower later this year, but analysts remain cautious about the impact of the conflict on global oil markets. The Federal Reserve is expected to keep interest rates steady at its next meeting, as concerns about rising inflation persist.