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Los Angeles Times·4 min read·medium

Trump running out of options to fix inflation, economic woes before election, experts say

K
Kevin Rector, Justine McDaniel, Ana Ceballos
Trump running out of options to fix inflation, economic woes before election, experts say
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Experts suggest the Trump administration has limited options to address inflation and economic stagnation before the upcoming election. Factors such as trade tariffs, Middle East conflicts, and monetary policy constraints are cited as major hurdles to short-term economic relief.

Why it matters

Economic conditions are a primary driver of voter sentiment, and this analysis highlights the difficulty of shifting macroeconomic trends in a short timeframe.

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With three months remaining until election day, there is now little the Trump administration can do to bring relief to Americans battered by years of stagnant wages and steep inflation before they hit the polls, experts say — complicating midterm campaigning for Republicans and sharpening the opportunity for Democrats to win back some control in Washington. That's in part because the Trump administration has very few levers to turn the tide in such a short period, and has shown little interest in using those it does have, experts said. Rather, President Trump has persisted in waging war in Iran and pushed forward with new tariffs on trade partners despite both contributing to soaring costs for food, gas and other basic necessities. Other options, such as issuing rebate checks for consumers or releasing strategic oil reserves, would be costly in the long run, experts said.

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