President Donald Trump has falsely claimed this week that grocery prices are “going down” and “are down.” In fact, grocery prices have continued to rise under Trump – and they were up even before he imposed near-global 10% tariffs earlier this month.
Trump made the latest version of the false claim while denouncing Federal Reserve Chair Jerome Powell on Thursday. Powell had warned in Wednesday public remarks that Trump’s tariff policies are likely to lead to slower economic growth and higher inflation.