By Megan Henney | Fox Business
Former President Donald Trump vowed to end the ongoing inflation crisis during his keynote speech at the Republican National Convention, promising that he would work to bring high prices down if he wins the November election.
“We’ve had the worst inflation we’ve ever had under this person,” Trump said in the Thursday night speech, referring to President Biden. “Inflation has been a killer for our country. No matter what you’re making, it doesn’t matter because inflation is eating you alive.”
The Republican nominee laid out several proposals that he said would reduce inflation or provide relief from steep prices, including eliminating taxes on tips, raising tariffs on other countries and drilling for more oil in the U.S.
Although inflation has fallen from a peak of 9.1%, it remains above the Federal Reserve’s 2% target. On top of that, millions of households are paying far more for everyday necessities like groceries, rent and medical than they were just a couple of years ago.