Vice President J.D. Vance discussed President Donald Trump’s approach to addressing inflation and restoring economic stability during an appearance on CBS’s Face the Nation on Sunday.
Host Margaret Brennan repeatedly pressed Vance on when Americans could expect to see relief from rising prices, including grocery costs and energy bills.
Trump campaigned on a promise to tackle inflation and reduce the cost of living, a key concern for many voters leading up to the 2024 election.
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During the interview, Brennan asked Vance which executive order signed by Trump in his first week directly addresses inflation.
“We have done a lot, and there have been a number of executive orders that have caused already jobs to start coming back into our country, which is a core part of lowering prices,” Vance explained.
“More capital investment, more job creation in our economy is one of the things that’s going to drive down prices for all consumers, but also raise wages so that people can afford to buy the things that they need.”
Vance acknowledged that addressing inflation would take time but emphasized the administration’s rapid pace of action.
“Prices are going to come down, but it’s going to take a little bit of time, right? The president has been president for all of five days. I think that in those five days, he’s accomplished more than Joe Biden did in four years. It’s been an incredible breakneck pace of activity,” he said.
During the interview, Vance pointed to Trump’s early executive orders, including measures focused on energy production, as key components of the administration’s strategy to combat inflation.
“The way that you lower prices is that you encourage more capital investment into our country. Yes, specifically, what executive order is going to help lower prices? All of the stuff that we’ve done on energy to explore more energy reserves, to develop more energy resources in the United States of America,” he said.
Vance explained that high energy prices under the Biden-Harris administration were a major contributor to inflation, noting, “One of the main drivers of increased prices under the Biden administration is that we had a massive increase in energy prices. Donald Trump has already taken multiple executive actions that are going to lower energy prices. I do believe that means consumers are going to see lower prices at the pump and at the grocery store. But it’s going to take a little bit of time.”
Brennan pressed Vance further, asking when Americans would “get to touch and feel a difference in their lives.”
Vance responded by highlighting the direct connection between energy costs and consumer goods.
“Margaret, how does bacon get to the grocery store? It comes on trucks that are fueled by diesel fuel. If the diesel is way too expensive, the bacon is going to become more expensive. How do we grow the bacon? Our farmers need energy to produce it. So if we lower energy prices, we are going to see lower prices for consumers. That is what we’re trying to fight for.”
On January 20, immediately after his inauguration, Trump signed several executive orders aimed at revitalizing the U.S. economy.
These included the “Unleashing of American Energy” order, which seeks to “unleash America’s affordable and reliable energy and natural resources.”
The order aims to boost domestic energy production, create jobs, and restore economic prosperity for American workers.
Trump also declared a national energy emergency, emphasizing the potential for the U.S. to utilize untapped energy resources both domestically and internationally.
The president described this approach as a way to enhance economic opportunities and improve affordability for American families.
As the Trump administration continues to implement its economic strategy, the focus remains on reversing inflationary pressures through energy independence, job creation, and long-term capital investment.
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