Watch All Shows Victor Davis Hanson Tony Kinnett Daily Signal Signal Sitdown

Watch All Shows Victor Davis Hanson Tony Kinnett Daily Signal Signal Sitdown

Home – Iran News – Trump Predicts How Iran Escalation Will Affect Economy

Trump Predicts How Iran Escalation Will Affect Economy

Elizabeth Troutman Mitchell

President Donald Trump expects inflation to remain low, even though renewed strikes on Iran could result in higher energy costs.

The Tuesday Consumer Price Index showed that inflation dropped to 3.5% in June, but it is unclear if the trend will continue in July, as Trump notified Congress that “limited” military action against Iran has resumed. He has struck Iran for three consecutive nights while Iranian missiles have hit tankers in the Strait of Hormuz.

When asked by the Daily Signal if inflation will remain down next month, Trump said, “I think so.”

NEW: President Trump tells me he thinks inflation will........

© The Daily Signal