After the highest global inflation in more than three decades, every nation’s treasurer or finance minister is keen to get consumer prices down. Except in Donald Trump’s America.
“Access to cheap goods is not the essence of the American dream,” Trump’s Treasury Secretary Scott Bessent declared late last week.
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Michael Stutchbury is editor-at-large. He is in his fourth decade of writing for and editing national newspapers. After nearly six years as editor of The Australian, he returned to the Financial Review as editor-in-chief (2011-2024). Email Michael at mstutchbury@afr.com
