Council of Economic Advisers

Wholesale prices were unchanged in June, coming in below expectations on both monthly and annual bases. Headline & Core PPI both rose 0.0% m/m, versus expected 0.2% Headline PPI rose 2.3% y/y (below the expected 2.5%)

America's industrial policy is clear: low taxes, full expensing, deregulation, trade renegotiation, energy abundance. And it works.

Core CPI rose 0.2% in June, beating market expectations 0f 0.3%. Since President Trump took office, core CPI is tracking 2.1% annualized, consistent with low & stable inflation. (Headline CPI is tracking 1.8% annualized)

After two years of post-Covid stagnation, America is back. Domestic investment is soaring: C&I loans by commercial banks were the highest since July 2020 last month.

🚨Prices of imported goods have fallen this year, declining faster than overall goods prices since February. @CEA47's latest report refutes economists’ claims that tariffs or tariff-fears would lead to a rise in inflation: whitehouse.gov/wp-content/upl…

🚨 "Prices of imported goods have not only fallen this year, but also declined faster than overall goods prices," according to a new report from @CEA47. "These findings contradict claims that tariffs or tariff-fears would lead to an acceleration of inflation."

.@CEA47 Chairman @SteveMiran: "Lots of folks said that @POTUS' historic tariffs on China during the first term were going to be terrible for the economy. There was no lasting evidence of that whatsoever ... and thus far again, this time, we've repeated the same performance."

For the FOURTH month in a row, jobs numbers have beat market expectations with nearly 150,000 good jobs created in June. American-born workers have accounted for ALL of the job gains since President Trump took office and wages continue to rise. The economy is BOOMING again and it…

No Tax on Social Security is a Reality in the One Big Beautiful Bill whitehouse.gov/articles/2025/…

Council of Economic Advisers Chairman @SteveMiran on the One Big Beautiful Bill: "The CBO ignores lots of things that effect the deficit... It ignores the better economic growth from the bill... They ignore tariff revenue... They ignore administrative reductions in outlays."