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Trump says inflation 'almost gone,' eyes 1% target, crypto markets respond
Crypto markets bounced back on Friday after U.S. President Donald Trump said inflation was “almost gone” and could “drop to 1%,” sparking renewed risk appetite across assets. In a White House briefing on Nov. 7, Trump said, "They [Biden administration] had the worst inflation in 48 years. We have almost no inflation. We are down now to 2%. And we will be at, maybe 1%. You want to always stay above 1%; you want a little tiny bit of inflation. We are at a perfect number." tweet Trump’s remarks follow a Bureau of Labor Statistics report released two weeks earlier showing that consumer prices rose less than ... (full story)
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