With Inflation Easing, Interest Rates Down, Job Growth Up, And GDP Steadily Expanding, Economists Say The Affordability Crisis Began Under Joe Biden, Not Donald J. Trump

Friday, December 5, 2025, 10:00 A.M. ET. 4 Minute Read, By Haylee Ficuciello, Economy & Finance Editor: Englebrook Independent News,

WASHINGTON, DC.- As the 2025 year is coming to a close, the rhetoric continues to intensify, with Democratic leaders continuing to insist that President Donald J. Trump is to blame for today’s affordability challenges. Yet the economic data tell a different story, one that points back to the extraordinary spike in inflation during the Biden administration, the highest in more than 40 years.

     Since taking office in January 2025, the Trump administration has presided over stabilizing prices, declining interest rates, renewed GDP growth, and accelerating job creation. The mainstream media’s narrative that Trump “caused prices to rise” is increasingly contradicted by the hard numbers, which show that the affordability storm began long before he returned to the Oval Office.

Inflation Under Biden Reached Levels Not Seen In Decades;

     Under former President Joe Biden, inflation reached its worst point since the early 1980s. Federal economic records confirm that inflation peaked at 9.1% in June 2022, driven by supply-chain breakdowns, aggressive federal spending, and post-pandemic shocks. This level of price acceleration had not been recorded in more than four decades.

     Even as inflation decelerated in late 2023 and 2024, the cumulative price increases were unprecedented. The average American family paid significantly more for food, energy, housing, vehicles, and basic necessities by the time Biden left office. These costs became baked into the economy, meaning high prices remained even after the inflation rate cooled.

     This is the affordability squeeze Americans still feel today.

Trump Has Brought Inflation To A Standstill;

     Upon taking office in 2025, President Trump inherited an economy weighed down by the lingering effects of Biden-era inflation. Yet within months, federal data showed a marked shift:

• Inflation slowed dramatically.
• Month-to-month price growth flattened.
• Certain consumer prices even began to fall.

     By the end of Trump’s first year back in office, inflation had effectively come to a standstill, a result attributed to tightened fiscal oversight, restored domestic energy production, deregulation, and renewed market confidence.

     For everyday consumers, this has meant something tangible: The first real relief at the grocery store, the gas pump, and in household bills in nearly four years.

Interest Rates Are Declining, And Stability Is Returning;

      Following the Federal Reserve’s astronomical interest rate hikes during Biden’s term, the Trump administration has seen steady rate reductions as inflation cools.

     Lower mortgage rates have begun to revive the housing market, and credit costs for families and small businesses are easing for the first time since the pandemic. This improvement contradicts predictions from Trump’s critics, who warned that his policies would send borrowing costs soaring.

Instead, the opposite has happened: Stability has returned to lending markets.

GDP Growth Is Steady, And Jobs Are Increasing;

     Contrary to partisan claims of economic “chaos,” GDP numbers show steady and healthy expansion throughout Trump’s return to office. Economic output continues to rise quarter after quarter, and business investment has strengthened.

Likewise, job growth has remained strong. Increased manufacturing investment, energy sector expansion, and renewed confidence from small and mid-sized companies have driven hiring upward. Unemployment remains low, and workforce participation continues to rise, reversing the stagnation seen during parts of Biden’s presidency.

Media Claims About Tariffs Causing Price Spikes Have Not Materialized;

     Despite repeated warnings from media outlets and several economists that Trump’s tariff strategy would trigger widespread price hikes, the evidence so far does not support those fears.

     Consumer prices have stabilized, not spiked, even as tariffs have been implemented or expanded.

     This mirrors the pattern from Trump’s first term, when similar predictions of tariff-driven inflation never came to pass. Instead, inflation remained moderate throughout most of his presidency, before the global pandemic disrupted the world economy in 2020.

A Strong Forecast For 2026: Growth, Affordability, And Stability;

Economic projections for 2026 show:

• Record GDP growth potential.
• Falling core prices.
• Improving affordability.
• Sustained job creation.
• Continued easing of credit markets.

     After four years of historically high inflation under President Biden, the Trump administration’s economic course correction appears to be taking firm hold.

    The mainstream media may continue to frame Trump as the cause of rising costs, but the data reflect a different and indisputable reality:
The affordability crisis began during the Biden presidency, and the relief Americans are seeing today is the direct result of Trump’s policies.

Editor’s Note:

This article relies on official federal economic datasets, including inflation records from the Bureau of Labor Statistics, Federal Reserve interest rate reports, and GDP data from the Bureau of Economic Analysis. All historical inflation references pertaining to the Biden and early-2020s period are drawn from publicly available Fed and BLS sources documenting the highest inflation peak since 1981.

— Haylee Ficuciello, Economy & Finance Editor, Englebrook Independent News