Mr. Secretary, when President Trump took office, what were the biggest economic challenges facing the administration? Well, we, we inherited a mess. We had had the worst inflation in 49 years and I think in many ways the worst for working people in our nation's history. Because someone was asking me about the inflation indices earlier that that's the average for working families that it is thought that many, many of their goods and services inflated as much as 35% with an 18% wage gain. (00:22–00:31)
CLAIM
Asserts that the U.S. experienced the worst inflation in 49 years, impacting working people significantly.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
