President Trump told reporters Wednesday that he loved “inflation,” after he was asked about inflation spiking in May.
“No, I love it. The numbers were great,” Trump said when asked if he was concerned about the latest data, which showed the consumer price index rising to 4.2 percent over the past 12 months — with an increase of 0.5 percent in May alone, according to the Labor Department.
“I love the inflation,” the president continued, noting how the U.S. recently took out millions of barrels of oil and 22 ships from Iran. “That’s why oil is $85 dollars a barrel.”
He added that the U.S. reached “the best economy we’ve ever hit prior to the Iran war,” but said he needed to prioritize making sure the Islamic Republic could never obtain a nuclear weapon.
“We had just hit the highest stock market in history, highest 401k’s in history,” Trump said from the Oval Office. “Everything was going well, and I said I hate to do this to you guys but Iran’s going to have a nuclear weapon very soon. We have to go and attack.”
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