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The Memo: Trump, GOP race the clock to bring inflation down before midterms

Politics The Hill By Niall Stanage 29 Jun 2026 10:00 1 min read
The Memo: Trump, GOP race the clock to bring inflation down before midterms

President Trump and his Republican colleagues are in a race against time, hoping that inflation can be bent downward in time to revive their chances in November’s midterm elections. Seen through one lens, the picture is bleak. New data released late last week on personal consumption expenditures (PCE) showed inflation above 4 percent. Even excluding food...

President Trump and his Republican colleagues are in a race against time, hoping that inflation can be bent downward in time to revive their chances in November’s midterm elections. Seen through one lens, the picture is bleak. New data released late last week on personal consumption expenditures (PCE) showed inflation above 4 percent. Even excluding food...

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