Trump’s Claim Regarding Egg Prices Is Inaccurate

During a press appearance on Thursday afternoon with Italian Prime Minister Giorgia Meloni, President Donald Trump claimed that grocery prices are "going down," specifically citing a major drop in egg prices. He stated that prices have decreased significantly since the start of his term, claiming that eggs are now plentiful and 92 percent cheaper.

Later that day, President Trump stated on social media that Federal Reserve Chair Jerome Powell should have reduced interest rates much earlier and urged him to do so now, referencing the European Central Bank’s recent rate cut as a precedent. He argued that with declining oil and grocery prices—including eggs—and increased revenue from tariffs, the United States is experiencing significant economic gains.