President Trump thanked McDonald’s for reducing costs and famous Walmart’s Thanksgiving dinner is cheaper in 2025 vs. 2024.
President Donald Trump stated on Monday that the U.S. is in an period of financial prosperity as “prices are coming down.”
“This is also the golden age of America because we are doing better than we’ve ever done as a country,” Trump stated whereas addressing affordability in entrance of key political figures and McDonald’s franchisees and executives in Washington on the McDonald’s Affect Summit. “Prices are coming down and all of that stuff.”
Trump advised viewers members that inflation is “normal” after dropping from its highest stage in additional than 40 years.
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Whereas inflation has dropped considerably from the excessive of 9.1% in June 2022, the most important enhance since 1981, it stays elevated, forcing households to proceed reducing again on discretionary spending.
President Donald Trump arrives to ship remarks on the McDonald’s Affect Summit on the Westin DC Downtown on Nov. 17, 2025, in Washington, D.C. (Win McNamee/Getty Photos)
In latest months, inflation has even trended increased as tariffs elevate prices for companies and are subsequently handed on to customers. In September, inflation reached 3% for the primary time since February, above the Federal Reserve’s 2% goal fee.
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A November report by the Federal Reserve Financial institution of New York revealed that American households’ debt burdens elevated to the very best stage on file within the third quarter of 2025. U.S. shopper sentiment additionally declined to its lowest stage in additional than three years and close to an all-time low as households’ issues concerning the financial system mount.
McDonald’s CEO Chris Kempczinski listens as President Donald Trump delivers remarks on the McDonald’s Affect Summit on the Westin DC Downtown on Nov. 17, 2025, in Washington, D.C. (Win McNamee/Getty Photos / Getty Photos)
The College of Michigan’s Index of Shopper Sentiment preliminary studying for November was 50.3, nicely under the 53.2 anticipated by economists polled by LSEG. That is the lowest stage for shopper sentiment reported by the index since a studying of fifty in June 2022, when the U.S. financial system was beset by the very best stage of inflation in 40 years.
Bessent stated that the One Large Lovely Invoice Act supplies main incentives for firms to construct factories within the U.S. and create American jobs, whereas additionally delivering tax aid for tipped staff, additional time pay and Social Safety revenue. These provisions, Bessent stated, will result in “big refunds” that quantity to a different direct profit for working households.
President Donald Trump delivers remarks on the McDonald’s Affect Summit on the Westin DC Downtown on Nov. 17, 2025, in Washington, D.C. (Win McNamee/Getty Photos / Getty Photos)
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Bessent additionally addressed hypothesis that Trump might provide tariff rebates to sure households, outlining what the plan might seem like.
“The president’s talking about a $2,000 rebate, and that would be for families making less than, say, $100,000,” he stated.
FOX Enterprise’ Eric Revell contributed to this report.
