Welcome to meet the press now. I'm Kelly O'Donnell in Washington. We begin today with President Trump hitting the road this afternoon, trying to refocus his message on the economy and affordability.

That as voters sour on his economic agenda, and as lawmakers criticize his administration's

criminal investigation into Federal Reserve Chair Jerome Powell.

Now, ahead of the president's remarks this afternoon, the White House issuing a statement,

declaring that President Trump has, quote, defeated the inflation crisis.

Heralding new economic data showing consumer prices rose 2.7% last month.

Now, that's significantly lower than the 9% inflation that rocked consumers post-COVID.

It's also roughly in line with the inflation rate that President Trump inherited when he took

office.

Stubbornly, it's still higher than policymakers want.

This afternoon, the president touting his economy as a success, part of a lengthy,

and at times meandering set of remarks at the Detroit Economic Club.

Under our administration, growth is exploding, productivity is soaring, investment is booming,

incomes are rising, inflation is defeated, America is respected again like never before.

The results are in and the Trump economic boom is

officially begun. We have some great things happening with housing. This will include a ban on

large institutional investors buying up single family homes all over the country and making it

impossible for people to buy all. In addition, I proudly called for the credit card companies to cap interest rates at 10% for one year.

The president's comments come as he's recently borrowed a page from the progressive economic

playbook with populist plans to cap credit card debt and to lower housing costs.

In fact, the president spoke with Massachusetts progressive senator Democrat Elizabeth Warren yesterday

about some of those plans.

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