Trump says his first year back was a win for the US economy as cost-of-living worries persist

President Trump told the Detroit Economic Club he regarded his first year back as the "greatest first year in history," citing inflation and GDP data; reporting notes that inflation has eased from earlier highs but remains above typical levels and many Americans continue to express affordability concerns.

President Donald Trump marked 12 months back in office with a speech at the Detroit Economic Club claiming strong economic results. He described it as the "greatest first year in history" and cited inflation and GDP figures he said showed stabilization and growth. Coverage notes inflation has eased from earlier highs but remains above typical levels, and the labor market was weaker over the year. Key reported points: - Trump said prices were down and productivity was "smashing expectations," referencing inflation and GDP data. - Official data cited in coverage show inflation eased since the fall but remained above normal levels, and GDP was volatile, including a contraction in early 2025. - Reports say the labor market weakened over the year, with the unemployment rate rising to a four-year high. - The president has publicly pressed the Federal Reserve, and a criminal investigation into Jerome Powell's testimony was announced; Powell described the inquiry as a pretext. Summary: The president framed the year as a strong economic performance while many Americans continue to report affordability concerns. Undetermined at this time whether recent policy proposals or the investigation into Federal Reserve testimony will change those dynamics.