On October 11, Trump explained that inflation was much worse last month than anticipated, with food, rent, and housing costs, along with car prices, contributing to the increases. Interest rates also played a significant role; they were higher than expected. It is generally agreed that the drop in rates was too large, as well as a political move. As for the current state of the economy with Biden and Harris, Trump claims that due to inflation, it is in terrible shape. In response, Harris remarked that she doubted she would make different decisions in such a situation.
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