Wondery Plus subscribers can listen to USA Today's The Excerpt, Ad-Free right now.

Join Wondery Plus in the Wondery app.

Hello and welcome to the excerpt.

I'm Dana Taylor.

Today is Sunday, November 17th, 2024.

President. President-elect Donald Trump campaigned on a multitude of promises from mass deportations to banning transgender athletes. But perhaps the area that American voters said they were most persuaded by is the economy.

From enacting tariffs on foreign goods to slashing taxes for both individuals and businesses,

Trump's vision of economic populism is about to be put to the test.

How might the Trump administration impact the economy in a second term?

Here to lay it all out for us, I'm joined now by USA Today Money Reporter Madora Lee.

Thanks for joining me, Maduro.

Thanks for having me.

If there was one issue that really animated voters this election cycle, it was inflation, the cost of eggs, the cost of gas, the cost of rent.

So many different line items in the American workers' monthly budget just searched over the

past few years. First, where are we with inflation today and what steps can the new

administration take to really tame it? So you're right. Inflation has been a

big burden on a lot of people, most Americans, and it showed through the election results, as you can

see. Right now, I mean, inflation's been coming down now for probably the last year. And so we hit

like a high, you know, over 9% in June 2022. And we've made a

lot of progress. We're now down to about 2.6%. That's a huge move. But, you know, the Fed is looking

to target 2% inflation. So we're not quite there yet. And in fact, there are still some signs

that underneath the surface, certain prices are still bubbling.

...