Trump Defends Economy Amid Rising Inflation: 'We Don't Have Inflation'

On the campaign trail Wednesday night, President Donald Trump painted a rosy picture of the economy, despite a new federal report showing that inflation is accelerating. Trump told supporters, 'We don't have inflation,' contradicting the data released earlier that day. The report indicated that prices rose faster than expected in September, putting pressure on the administration. Trump's comments suggest a disconnect between his rhetoric and the economic reality facing many Americans. He emphasized the strength of the stock market and job growth, but did not address the rising cost of living. This stance could be a strategic move to reassure voters ahead of the election, but it also risks undermining his credibility if inflation continues to rise. Economists warn that inflation could erode purchasing power and slow economic growth. The president's remarks have sparked criticism from opponents who accuse him of ignoring the struggles of ordinary families.