Donald Trump returned to the White House promising to "end inflation" on Day 1 of his second presidency, casting himself as the candidate who would make groceries, gas and rent feel affordable again.

President Donald Trump tried Tuesday to concoct an alternative reality on the subject of “affordability” – piling lie on top of lie to try to convince Americans that the issue has vanished.

The concern is whether the president can eventually force short-term interest rates lower, which probably wouldn’t drive jobs higher and might set off more inflation.

Explore "Trumpflation," a term describing inflation concerns during President Trump's first administration; learn about related policies, debt, and effects on markets.

President Donald Trump wrapped up his first year in his second term. Here's how inflation, the job market, tariffs, and spending have evolved.

President Donald Trump on Tuesday made his first big pitch ahead of this year’s midterm elections on his administration’s economic performance, even as his administration remains mired in the fallout in Minneapolis over a second fatal shooting by federal immigration officers this month.

Inflation is stubbornly refusing to be vanquished by presidential edict.

Price changes on key items like groceries and housing haven’t budged since the final year of the Biden administration.