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Addressing inflation, the speaker asserted that the United States experienced the worst inflation in its history. While some may dispute the timeline, suggesting it was "48 years" or more, the speaker insists that the inflationary crisis was unprecedented and that their administration has taken effective steps to curb it. Since last January, they stated that inflation has been "stopped in its tracks," though they acknowledged that further work remains. The goal, according to the speaker, is to reach a near-perfect inflation level—balancing enough growth without slipping into deflation, which can be even more damaging to the economy.
Achievements in Lowering Prices
The speech featured impressive statistics demonstrating recent price declines: