11/05/2025

Treasury Department Says Inflation Is Running 'Above Target'

Treasury says several factors are impacting the labor market

The Treasury Department said Monday that inflation "remained above the target of 2 percent in the third quarter," even as President Donald Trump and administration officials continue to assert that there is "no inflation."

Speaking on CBS News' "60 Minutes" on Sunday, Trump said "We have no inflation. We have no inflation."

Trump claimed that he had "already taken care of" inflation, calling 2 percent "the perfect inflation."

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