President Trump has rolled into office announcing seismic changes to U.S. trade, energy, and economic policies,

including reciprocal tariffs, slashing regulations, and downsizing the federal government.

The changes come as the final inflation report from the last month of the Biden administration showed an uptick in

inflation, including 4% increases in housing costs.

In this episode, we talked with financial expert Eric Schiffer about the impact Trump's policies

will have on inflation, trade, and American industry.

I'm Daily Wire editor-in-chief John Bickley with Georgia Howe.

It's Saturday, February 15th, and this is a weekend edition of Morning Wire.

The latest inflation report for January came in higher than expected up 0.5% with housing up 4%. President Trump is calling it Biden's inflation. Joining us to discuss is Eric Schiffer,

CEO of the Los Angeles-based private equity firm, the Patriarch Organization. Eric, first,

thank you so much for joining us. It is my pleasure. So look, we've got this recent inflation

report that's come out showing inflation ticking up last month. What numbers jump out to you?

What should the American people know? Look, there are some concern about elements within the report

that may be lasting. But in reality, some of the report is likely to change in a good way for the market and for the economy in

that housing typically has a long delay. So what you're seeing is likely to go down. And you can't

read anything over one report. I mean, and it's largely what you saw in terms of the reaction from the market

was consistent with that, which is that the market has discounted one report. I think if we saw

some of the indicators like housing, for instance, or shelter, that was unlikely to begin to

recede, it would be another thing. Now, look, tariffs can short-term create some challenges,

but I think there are also other factors at play here that will allow inflation over the next

year to be largely within a range that's manageable for the economy. There's a lot you said there

that I want to unpack.

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