Can Trump Fix Inflation?

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

4.1 • 1.7K Ratings

🗓️ 13 December 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

President-elect Donald Trump vowed to tame inflation throughout his 2024 campaign. But following through on those promises could be a challenge. WSJ economics reporter Justin Lahart joins host J.R. Whalen to discuss how much power a president has when it comes to inflation and why some experts worry Trump’s plan could have the opposite effect on prices. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	AI is coming to your industry if it isn't already here, but AI needs lots of speed and computing power, so how do you compete without cost spiraling?
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0:20.0	Right now, Oracle is offering to cut your current cloud bill in half if you move to OCI.
0:25.2	For new U.S. customers with minimum financial commitment, offer ends 1231-24.
0:30.8	See if your company qualifies at Oracle.com slash Wall Street.
0:37.1	Here's your money briefing for Friday, December 13th.
0:40.6	I'm J.R. Waylon for the Wall Street Journal.
0:45.9	Inflation has trended downward for the past year, but prices are still high.
0:51.0	Easing the pain for consumers was one of the themes of Donald Trump's 2024 presidential campaign.
0:56.8	His biggest answer was he was going to drill baby drill, that by opening up drilling, by making permitting processes and so forth, easier that energy costs would go down and that that would bring down overall inflation.
1:11.6	Is that likely to work?
1:12.9	We'll talk to Wall Street Journal economics reporter Justin Lehar.
1:16.0	After the break.
1:35.5	AI is coming to your industry if it isn't already here, but AI needs lots of speed and computing power.
1:41.5	So how do you compete without cost spiraling? Upgrade to Oracle Cloud Infrastructure or OCI.
1:47.6	OCI is the blazing fast and secure platform for your infrastructure, database, application development, and AI workloads.
1:49.8	Right now, Oracle is offering to cut your current cloud bill in half if you move to OCI.
1:54.9	For new U.S. customers with minimum financial commitment, offer ends 1231.24.
2:00.5	See if your company qualifies at oracle.com
2:02.7	slash Wall Street.
2:09.1	President Trump has promised to tackle inflation once he takes office, but how much power
	...

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