Trump Vows to Sign EO ‘Directing’ Cabinet Secs, Agencies to ‘Use Every Tool’ to ‘Defeat Inflation’

Former President Donald Trump vowed that if elected president, he would “sign an executive order directing” each cabinet secretary and agency head to “use every tool” they had to defeat inflation.

“On my first day back in the Oval Office, I will sign an executive order directing every cabinet secretary and agency head to use every tool and authority at their disposal to defeat inflation and to bring consumer prices rapidly down,” Trump told the crowd from Asheville, North Carolina.

Trump’s comments come as the Bureau of Labor Statistics announced on Wednesday that inflation had risen in July. The consumer price index was reported to have climbed up to 2.9 in July, up from a year ago.

In June, the inflation index rate increased by three percent from a year ago.

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Photo credit: Gage Skidmore via Flickr