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Jennifer Hewett

Inflation hangover gives Trump traction

Inflation and interest rates are falling much more quickly in the US than in Australia, but Donald Trump still relies on lingering high prices to accuse Kamala Harris of delivering an economic nightmare.

Jennifer HewettColumnist

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As he promises a return to the “Golden Age of America”, Donald Trump says an unexpectedly low number of jobs created in October shows the country is in depression territory under the Democrats.

No other statistics support anything like that assessment of a robustly resilient US economy, with the October jobs figures distorted by major hurricanes and a strike at US ports.

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Jennifer Hewett is the National Affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com

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    Original URL: https://www.afr.com/world/north-america/inflation-hangover-gives-trump-traction-20241105-p5knxr