GOP senators sound off after Trump says ‘I love the inflation’
President Donald Trump brushed off a spike in inflation driven by his war in Iran, insisting on Wednesday that “the numbers were great.”“I love it,” he said of new data that showed annual inflation hitting a three-year high. “I love the inflation.”
Trump’s remarks came shortly after the Bureau of Labor Statistics reported that annual inflation hit 4.2% in May, propelled mainly by energy costs that have risen sharply since the US first struck Iran earlier this year.
CNN’s Manu Raju speaks with Republican senators Josh Hawley (MO), Tommy Tuberville (AL), Shelley Moore Capito (WV) and Kevin Cramer (ND) for their takes on cost spikes for American consumers.
CNN’s Omar Jimenez discusses with his News Central panel, and CNN Business senior reporter David Goldman digs into the inflation numbers. Also, Rep. Marlin Stutzman (R-IN) shares his concerns about rising inflation.
0:00 Trump comments on high inflation
1:00 Republican senators say they are concerned about high prices
3:25 How much will inflation impact the midterm elections?
5:47 CNN Business senior reporter explains what is driving inflation
8:21 GOP congressman weighs in on rising costs
Watch more CNN here: https://cnn.it/4kh5RPe
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