Trump’s Promises to Cut Inflation Are Unrealistic, Many Economists Say

Published On Sep 10, 2024, 12:02 PM

Former President Donald Trump has made ambitious promises to cut energy costs in half within a year and reduce inflation, primarily by expanding oil and gas drilling and reducing regulations for power plants. However, many economists doubt the feasibility of these claims, citing historical limitations on a president's ability to influence global oil prices and the costs associated with regulated utilities. Experts suggest that there is a significant gap between Trump's promises and the realities of economic policy, echoing patterns from his previous campaigns that focus on high-profile claims without substantial backing.