In the most recent election four months ago, the two biggest issues on the minds of the American electorate were inflation and the border. Trump had far better answers to these issues than Harris and won the election as a result. The same can be said for Republican lawmakers who were competing for seats in both houses of Congress.
Fundamentally, those of us who have studied economics understand that inflation will take time to solve. Prices for goods and services did not go up overnight nor will they return to a historic rate of two percent overnight. It took four years of reckless spending by the last administration to get our economy into the predicament the Trump Administration finds itself. But inflation will go down, I predict, primarily when energy prices return to a historic norm thanks to additional supply. I believe that energy will become more abundant on the world market and as a result, cost less. It will take time, but we’ll get it done.