NEW FED REPORT: U.S. Economy Contracts, Consumers Brace for Higher Prices Arrow

Today, the Federal Reserve confirmed what the American people are already feeling when they buy groceries or pay their bills: Donald Trump lied when he said he would bring down costs on Day One. Because of Trump's chaotic economic agenda, working families and small businesses are bracing for even higher prices, all while his congressional lackeys push forward a budget to rip away health care and food assistance. As Trump prioritizes handouts for billionaires, it's hardworking Americans who are paying the price.

NEW REPORT: The Federal Reserve "Beige Book" report confirms the American economy is suffering as prices rise under Donald Trump's chaotic economic agenda.

CNBC: "Fed 'Beige Book' economic report cites declining growth, rising prices and slow hiring"

"The U.S. economy contracted over the past six weeks as hiring slowed and consumers and businesses worried about tariff-related price increases, according to a Federal Reserve report Wednesday. …

"'All Districts reported elevated levels of economic and policy uncertainty, which have led to hesitancy and a cautious approach to business and household decisions,' the report added. …

"'There were widespread reports of contacts expecting costs and prices to rise at a faster rate going forward. A few Districts described these expected cost increases as strong, significant, or substantial,' it said. 'All District reports indicated that higher tariff rates were putting upward pressure on costs and prices.'"

Americans are overwhelmingly rejecting Trump's failed economic agenda as Democrats and Republicans agree Trump's agenda is increasing costs.

• Only 39% of Americans say the economy is on the right track, and just 36% approve of Trump's handling of the economy
• 68% of Americans - including 48% of Republicans - say that costs are going up, while 63% expect Trump to make inflation worse over the next year
• 76% of Americans say their income is not keeping up with inflation
• Nearly half of Americans say they are avoiding going to restaurants, movies, and other recreational activities - while cutting back on necessities like groceries
• Trump's approval rating on inflation remains deeply underwater at -17.1%
• Only 33% approve of Trump's handling of the cost of living