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Steve Moore Explains How Trump’s Policies Have Changed Inflation and Americans’ Wages

by Mariane Angela, DCNF
July 18, 2025

DCNF(DCNF)—Economist Steve Moore explained on Fox Business Thursday how President Donald Trump’s policies have contributed to a significant shift in the U.S. economy, especially in terms of inflation and wages.

Trump achieved an economic win as the personal consumption expenditures (PCE) index showed inflation dropped to its lowest level in four years in April 2025. During an appearance on “Kudlow,” Moore said that Trump’s actions are primarily deflationary, leading to positive results for Americans.

“Everything that Trump is doing short of the tariffs is deflationary. Now, I do think tariffs in isolation would cause, you would expect some of the costs of tariffs to be passed on to consumers. But so much of the rest of what Trump is doing is deflationary, Larry,” Moore told host Larry Kudlow.

Moore pointed out that this is a marked improvement compared to the 6%, 7%, and 8% inflation figures seen during the tenure of former President Joe Biden.

“I think it’s the remarkable part of this story is we got 2.7% inflation, and the media and the Democrats have gone crazy. Oh, my God, 2.7% inflation. This is the end of the world when we had 6%, 7, 8, 9% inflation under Biden. And now all of a sudden, they are inflation hawks. And same thing on the deficit. You saw those numbers we had in the hotline where the revenues are surging, Larry, because the economy is doing better,” Moore said.

Moore also highlighted the positive effect on the federal deficit, with revenues surging as the economy grows.

“When you go back to this inflation story, I want to make one other quick point, Larry. Yes, 2.7% is a little too high. We want that number to be closer to 2.5%. But the big part of the story is wages, Larry, are running at 3.5% to 4%,” Moore said. “And so what Americans really care about is whether their wages are rising faster than the inflation rate. And right now, the answer to that question is yes, they are. Americans are doing better today financially.”

The Consumer Price Index (CPI) increased by 2.7% year-over-year in June, aligning with expectations, according to the Bureau of Labor Statistics. However, the producer price index (PPI) came in below expectations when excluding food, energy, and trade.



Economists polled by Dow Jones had forecasted a 0.2% rise in wholesale prices for June, CNBC reported. The stable wholesale prices, combined with CPI data, suggest that Trump’s tariffs are having only a minor impact on the economy and the cost of goods and services. Despite warnings from corporate media that tariffs would lead to sharp price hikes, inflation dropped to a four-year low in May.

(Featured Image Media Credit: (Screenshot/Fox Business)

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].

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Starting the Day With a Scripture-Inspired Roast Helps Center Your Thoughts on Eternal Truths Amid Temporal Pressures

The world can seem chaotic, especially right after we wake up. Many believers start their mornings reaching for something familiar — a hot cup of coffee — yet end up settling for mediocre brews that do little more than deliver a caffeine jolt. The daily grind of life, with its endless distractions, news cycles, and responsibilities, can leave even the most faithful feeling spiritually parched alongside their physical fatigue. What if your morning ritual could do more than wake you up? What if it could ground you in truth, nourish your body with exceptional quality, and quietly advance a kingdom purpose at the same time?

That’s the promise — and the reality — behind Promised Grounds Coffee. This Christian-founded company doesn’t just roast beans; it approaches every step as an act of worship and discipleship. By selecting only the top 10% of specialty-grade beans, ethically sourced from dedicated farmers in Central and South America, and small-batch roasting them with reverence in Austin, Texas, Promised Grounds delivers what many describe as the best coffee available — never burnt, never bland, but rich with origin stories and layered flavors that honor God’s creation.

From the vibrant Psalm 27 Roast (a light, bright medium option) to the bold yet peaceful 2 Timothy 1:7 Decaf, each bag carries a Scripture verse that turns your daily pour into a gentle reminder of faith. And through their Ounce Per Ounce Promise, every ounce of coffee you enjoy provides an equal ounce of clean water to families in need via partnership with Filter of Hope — literally brewing hope for body and soul, one cup at a time.

The challenge for today’s Christians runs deeper than finding a decent cup. In an age of convenience-driven consumerism, it’s easy to support companies that dilute values or remain silent on matters of faith. Many believers want their everyday choices — from what they drink to how they spend — to reflect discipleship rather than just convenience. Promised Grounds solves this by weaving Christian excellence into the entire process: beans nurtured with prayerful stewardship by farming families, roasted as an offering rather than a commodity, and packaged with Bible verses to encourage a mindset of gratitude and purpose from the first sip. Reviewers consistently praise the smooth, rich profiles — whether enjoyed black in a drip maker, iced on a warm day, or shared in fellowship — noting how the quality stands toe-to-toe with premium secular brands while delivering something far more meaningful.

This integration of faith and flavor addresses a real need in Christian households and ministries. Busy parents, church leaders, and remote workers alike report that starting the day with a Scripture-inspired roast helps center their thoughts on eternal truths amid temporal pressures. The coffee’s exceptional character — bright citrus notes in lighter roasts or deep chocolate undertones in bolder ones — comes from meticulous selection and careful roasting that respects the bean’s natural gifts rather than masking them. It’s the kind of coffee that elevates a simple quiet time, fuels productive workdays, or sparks meaningful conversations when shared at Bible studies or outreach events. And because it’s ethically sourced with integrity, every purchase supports sustainable livelihoods for farmers who treat their crops like family harvests.

For those leading churches or small groups, the impact multiplies. Promised Grounds offers bundles and options perfect for hospitality ministries, turning ordinary coffee service into an opportunity to point people toward the living water of Christ. Imagine greeting visitors with a warm cup whose very bag carries God’s Word — a subtle yet powerful witness that aligns with the Great Commission. The company’s Texas roots and commitment to “brewing hope” resonate especially with believers who value American enterprise paired with global compassion.

Of course, quality alone isn’t enough if the experience feels out of reach. Promised Grounds keeps it accessible with practical perks like free shipping on orders over $40, sample sets for discovering favorites, and thoughtful add-ons such as faith-themed mugs. Whether you prefer whole beans for fresh grinding, grounds for convenience, or even bulk options for larger households and ministries, the result is consistently superior coffee that makes discipleship feel integrated rather than added on.

As you consider how to align even the smallest habits with your walk with God, Promised Grounds Coffee stands out as a refreshing solution. It tackles the dual problems of subpar daily sustenance and disconnected consumption by offering a product that genuinely excels in taste while advancing a mission of clean water, farmer dignity, and scriptural encouragement. Believers who make the switch often describe it as more than a beverage upgrade — it becomes part of their rhythm of gratitude, a daily invitation to remember that every good gift comes from above.

If you’re ready to transform your mornings (and perhaps your church gatherings) with coffee that honors both exceptional craftsmanship and Christian values, I encourage you to explore what Promised Grounds has to offer. One sip at a time, you’ll be nourishing your body, refreshing your spirit, and participating in something far greater — all while enjoying what truly is among the best coffee available.

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