The president knows his plans,” a White House official said, while Donald Trump presses ahead with tariffs that economists warn will push prices higher.

The Trump administration wants Americans to deal with short-term economic turmoil, including job losses and inflation, on the promise of better times ahead.

Trump's tariffs on Canada, Mexico and China are going to transform the U.S. economy and exacerbate the inflation that helped him beat Biden.

More restrictive trade and immigration policies under the Trump administration could mean higher prices for Americans, Morgan Stanley analysts say.

The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, slightly lower than the previous reading of 2.6 percent but still well above the Fed’s 2 percent target. On a monthly basis, prices increased 0.3 percent, in line with December’s pace.

Voters for the most part elected Trump because of his promise to lower prices, which have hit South Florida especially hard. |

The drop may raise alarms about whether Americans are growing more cautious amid widespread uncertainty about the economic outlook.

The biggest reason President Donald Trump won the White House again was dissatisfaction with the economy under Joe Biden. Specifically, the public’s frustration over a spike in inflation ...