by Aimee Picchi
CBS News
President Trump, who while campaigning vowed to end the “inflation nightmare,” on Monday signaled his focus on the high cost of living in the U.S. by signing an executive order that requires “all executive departments and agencies to deliver emergency price relief” to Americans.
Mr. Trump’s Jan. 20 order blames several factors for the pandemic-era inflation surge that has left many households feeling financially pinched, including high federal spending under the Biden administration and costs from new regulations.
“It is critical to restore purchasing power to the American family and improve our quality of life,” the executive order states.
To accomplish that, Mr. Trump is ordering the departments and agencies that fall under the executive branch, including the departments of Commerce, Health and Human Services, Labor, and Energy, to take actions that lower prices for everything from housing and health costs to food and fuel.