Advertisement
Supported by
Fact Check
We have verified the claims of the two presidential candidates on inflation, employment and fiscal policy.
By Linda Qiu
Reporting from Washington
Consumer confidence about the state of the economy may play a decisive role in the 2024 presidential election.
President Biden is still grappling with how to deal with one of his biggest weaknesses: inflation, which has calmed recently but spiked in his first years in office. Former President Donald J. Trump’s usual economic boasts are being undermined by major job losses and supply chain disruptions caused by the pandemic.
Here’s a fact check of some of his recent top claims about the economy.
What did he say
“They had inflation of. . . The genuine number, if you get into the genuine number, is probably 40 or 50 percent when you raise things, when you’re not just pointing out the numbers that they need to hear. ” a crusade in Detroit in June
“I think it can happen up to 50% if you raise everything, when you start to raise energy prices, when you start to raise interest rates. “– Trump in an interview on Fox News in June.
This is misleading. Karoline Leavitt, a spokeswoman for Trump’s campaign, cited a 41% increase in energy costs since January 2021, and the costs of some energy costs, such as gas, have risen more than 50% in that period.
We are recovering the content of the article.
Please allow javascript in your browser settings.
Thank you for your patience while we determine access. If you’re in gamer mode, exit and log into your Times account or subscribe to the full Times.
Thank you for your patience as we determine access.
Already a subscriber? Sign in.
Do you want all the Times? Subscribe.
Advertisement