Latest / The Ben Ferguson Podcast / Inflation Crashes to 2.7%—Trump’s Playbook Schools the 'Experts'
Transcript
- 0:01Speaker 1: Two million now and this few us anybody else, I'll
- 0:11Speaker 1: sign it and you'll get more events. Yes, maam two
- 0:17Speaker 1: million five, two million five five, two million five, two
- 0:25Speaker 1: million five.
- 0:25Speaker 2: This is this Listen.
- 0:29Speaker 1: Your husband looked, Anderson, what the hell is that?
- 0:31Speaker 2: On about time? You're listening to the forty seven Morning
- 0:35Speaker 2: Update with Ben ferguson.
- 0:37Speaker 3: Good Friday morning. It's so nice to have you with
- 0:39Speaker 3: us on the forty seven Morning Update. And this episode
- 0:43Speaker 3: is gonna deal with some great news for all of us.
- 0:46Speaker 3: It is a huge victory and an inflation crushed by
- 0:51Speaker 3: Donald Trump's policies delivering it two point seven percent. No
- 0:58Speaker 3: one saw it coming, including CNBC, who even gas at
- 1:02Speaker 3: the numbers after they were released. So how did Donald
- 1:06Speaker 3: Trump do it? We'll explain it all, But first I
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- 3:18Speaker 3: Morning Update and it starts right now.
- 3:20Speaker 2: Story number one.
- 3:21Speaker 3: Could it be that the media and the Democrats got
- 3:25Speaker 3: it wrong yet again on the economy. The same people
- 3:29Speaker 3: that try to convince you that there was no such
- 3:32Speaker 3: thing as Biden inflation, and instead they want you to
- 3:35Speaker 3: believe that the economy was incredible shape when Joe Biden
- 3:38Speaker 3: was in office, Well, once Donald Trump got elected, they
- 3:41Speaker 3: want you to believe everything is terrible. Well guess what,
- 3:44Speaker 3: now there's more data show they're just a bunch of liars,
- 3:47Speaker 3: And this time it was bigger than even conservatives could
- 3:51Speaker 3: have imagined. There was a sharp and honestly an unexpected tumble,
- 3:57Speaker 3: not a decline, but a tumble. Inflation to two point
- 4:02Speaker 3: seven percent is more than just positive data point. It's
- 4:06Speaker 3: a clear rebuke of the economic pessimism pushed by critics
- 4:10Speaker 3: of President Donald Trump. It's also a powerful validation of
- 4:16Speaker 3: Trump policies that his administration has been advancing. Saying, trust me,
- 4:20Speaker 3: it's going to work. The White House was absolutely right.
- 4:24Speaker 3: For months, economists and political opponents of Donald Trump have
- 4:28Speaker 3: warned that Trump's aggressive economic agenda, including the tariffs that
- 4:33Speaker 3: have brought in record dollars to the US, the energy expansion, deregulation,
- 4:39Speaker 3: and pressure on global trade partners, would fuel, as they
- 4:44Speaker 3: described it, inflation. Instead, the opposite has happened. Inflation not
- 4:50Speaker 3: only did it not spike, it fell in a major way,
- 4:54Speaker 3: and it fell faster than anyone, including those at the
- 4:57Speaker 3: White House, were even willing to min much less claim
- 5:01Speaker 3: it was going to become a reality. Energy dominance is
- 5:05Speaker 3: doing exactly by the way, what Donald Trump said it
- 5:08Speaker 3: was going to do. One of the biggest drivers behind
- 5:11Speaker 3: the falling inflation is energy prices, and this is where
- 5:15Speaker 3: Trump's policies are having an outsized impact. Under Trump, federal
- 5:20Speaker 3: barriers to domestic oil and gas production have been rolled back,
- 5:24Speaker 3: leasing and drilling approvals have accelerated. The administration signaled clearly
- 5:30Speaker 3: that America would return to energy independence, and even a
- 5:33Speaker 3: bigger way than it did when he was in office
- 5:36Speaker 3: the first time. That confidence alone stabilized the markets, and
- 5:41Speaker 3: then when supply expectations rise, prices fall not just at
- 5:45Speaker 3: the pump but across the entire economy, which is exactly
- 5:49Speaker 3: what we are now witnessing having a huge impact on inflation.
- 5:53Speaker 3: Lower energy costs, reduced transportation expenses, manufacturing input costs, and
- 6:00Speaker 3: grocery distribution prices. All of that good for the economy.
- 6:06Speaker 3: As President Trump said on the campaign trail, energy and
- 6:09Speaker 3: the price touches everything. Trump understood that from day one,
- 6:14Speaker 3: and inflation numbers are now proving him to be exactly right.
- 6:19Speaker 3: We also know that the media and the Democrats lied
- 6:22Speaker 3: to you about the tariffs. They said over and over
- 6:26Speaker 3: and over again, the tariffs were going to cause massive inflation.
- 6:31Speaker 3: They said that shelves would be empty at places like Target, Walmart, Costco,
- 6:36Speaker 3: and Sam's Club. That also never happened. One of the
- 6:40Speaker 3: loudest criticisms of President Trump's economic strategy was by the
- 6:45Speaker 3: left of the media, and they said the tariffs would
- 6:47Speaker 3: not only raise consumer prices, but there would be massive
- 6:51Speaker 3: supply chain issues. They then said that would make inflation
- 6:54Speaker 3: skyrocket even more. That argument has also now flat out
- 6:59Speaker 3: cold colapsed. What actually happened is this, the tariffs pressured
- 7:04Speaker 3: foreign producers to actually absorb the costs that did not
- 7:09Speaker 3: get passed on to Americans the way that the left
- 7:12Speaker 3: tried to claim supply chains adjusted instead of breaking. Again,
- 7:18Speaker 3: no empty shelves and no backlogs of basic necessities that
- 7:21Speaker 3: Americans need. That was also a lie. It also had
- 7:26Speaker 3: another huge impact. American manufacturing expanded rapidly, reducing the reliance
- 7:32Speaker 3: on volatile foreign inputs, something the President said was a
- 7:35Speaker 3: part of us having security and safety literally on a
- 7:39Speaker 3: national security forefront. Instead of inflation spiraling upwards, which the
- 7:45Speaker 3: left in the media said was a guaranteed thing, prices
- 7:49Speaker 3: stabilized and markets recalibrated. Trump's tariffs weren't random, they were
- 7:56Speaker 3: targeted leverage, forcing fairness and restoring balance. Inflation falling to
- 8:02Speaker 3: two point seven percent shows that smart trade and enforcement
- 8:07Speaker 3: doesn't punish the consumers, it actually protects them. And then
- 8:12Speaker 3: the issue of deregulation, that is something that had a
- 8:15Speaker 3: huge impact on the numbers we're witnessing right now. Deregulation
- 8:19Speaker 3: reduce hidden inflation, and Americans have never been able to
- 8:23Speaker 3: see the receipts before until Trump got into office, Inflation
- 8:28Speaker 3: isn't just about sticker prices. It's also about compliance costs,
- 8:33Speaker 3: regulatory delays, and bureaucratic drag from a government that just
- 8:38Speaker 3: got way too big. Trump administration said, Hey, we're going
- 8:42Speaker 3: to cut thousands of pages of federal regulations. We're going
- 8:45Speaker 3: to reduce permitting delays. We're going to lower compliance costs
- 8:50Speaker 3: for small and medium sized businesses with something else they
- 8:53Speaker 3: said was vitally important. And when businesses spend less money
- 8:57Speaker 3: navigating Washington, that's when you get at what we're witnessing
- 9:01Speaker 3: right now. Products that are fast to the market, they
- 9:04Speaker 3: end up hiring more people and they keep prices lower.
- 9:09Speaker 3: This invisible inflation, as the White House described it, rarely
- 9:13Speaker 3: makes headlines, but removing it has a real, end measured effect.
- 9:18Speaker 3: The two point seven percent inflation figure reflects those savings
- 9:22Speaker 3: working their way through the economy, and then it comes
- 9:26Speaker 3: down to confidence has returned to the marketplace and the
- 9:29Speaker 3: markets have actually responded. Inflation is also psychological. When consumers
- 9:35Speaker 3: and businesses believe prices will rise, they behave in ways
- 9:39Speaker 3: that make it happen well. Trump's leadership clearly restored economic confidence.
- 9:44Speaker 3: Businesses began investing again, consumers stopped panic buying, markets adjusted
- 9:52Speaker 3: expectations downwards. That confidence reduces volatility, and volatility is a
- 9:58Speaker 3: major inflation. Washington elites expected chaos, the markets and the
- 10:05Speaker 3: people saw clarity and they understood the rules of the
- 10:08Speaker 3: game because of a president that was transparent, which brings
- 10:12Speaker 3: us to fiscal discipline, and that was reassuring itself to
- 10:16Speaker 3: the American people. A renewed emphasis on fiscal restraint of
- 10:20Speaker 3: our government DOGE was a large part of that. Again,
- 10:24Speaker 3: made people feel more confident in their government. Trump is
- 10:27Speaker 3: consistently pushed for cutting wasteful spending, targeted bloated bureaucracies, and
- 10:33Speaker 3: challenged runaway federal programs. Even the signal of restraint matters.
- 10:39Speaker 3: When investors and lenders believe government spending will be controlled,
- 10:42Speaker 3: inflation expectations drop, which is exactly what we're seeing.
- 10:46Speaker 1: Now.
- 10:47Speaker 3: All of this has turned into one thing. Now it's
- 10:50Speaker 3: showing in the real numbers. So what is the massive
- 10:54Speaker 3: takeaway from this? This is a gigantic win for every
- 10:58Speaker 3: American a specially lower and middle class American families. The
- 11:03Speaker 3: drop in inflation to two point seven percent didn't happen
- 11:06Speaker 3: by accident, and it didn't happen despite Donald Trump's policies.
- 11:12Speaker 3: It happened because of Donald Trump's policies. Energy dominance, lowered costs,
- 11:17Speaker 3: economy wide tariffs, restored balance without triggering price spikes, deregulation,
- 11:24Speaker 3: reduced hidden inflation, confidence, return to the markets, fiscal discipline,
- 11:29Speaker 3: signal stability. The so called experts yet again predicted disaster.
- 11:34Speaker 3: The data delivered a reality check to them. So this
- 11:38Speaker 3: inflation report isn't just good news. It's proof that Trump's
- 11:42Speaker 3: economic playbook works even under intense political and global pressure.
- 11:48Speaker 3: Thank goodness, we have a present that's willing to stay
- 11:51Speaker 3: the course and not chase an approval rating number. And
- 11:55Speaker 3: now what we're witnessing is the real effects of what
- 11:58Speaker 3: Trump's economy is at the end the end of his
- 12:00Speaker 3: first year. And now you know what to expect moving
- 12:03Speaker 3: into twenty twenty six.
- 12:05Speaker 2: Thank you for listening to the forty seven Morning Update
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