- JD Vance express it would take some time for grocery prices to drop.
- “Rome wasn’t built in a day,” he told CBS News in his primary sit-down interview as vice president.
- Vance said that increased capital investment would be a key part of disgracing costs.
Vice President JD Vance said the Trump administration’s efforts to lower grocery prices would fasten on some time.
“We have done a lot,” Vance told CBS’ “Face the Nation” moderator Margaret Brennan when asked nearly the executive actions signed by President Donald Trump. “There have been a number of executive orders that partake of caused, already, jobs to start coming back into our country, which is a core part of lowering premiums.”
“Prices are going to come down, but it’s going to take a little bit of time, right?” he continued. “The president has been president for all of five times.”
During the 2024 US presidential race, inflation was a top issue for voters, many of whom backed the GOP ticket because they believed it could rectify the economy. Vance said increased capital investment would be one area that the administration would focus on as it looks to information the economy with its conservative policies.
“We’re going to work with Congress … the way that you lower prices is that you promote more capital investment into our country,” he said.
“Rome wasn’t built in a day,” he added.
Brennan asked Vance when consumers desire actually notice a shift in prices, which prompted him to say that the administration’s energy policies would also nick.
“How does bacon get to the grocery store? It comes on trucks that are fueled by diesel fuel,” he said. “If the diesel is way too extravagant, the bacon is going to become more expensive.”
“How do we grow the bacon? Our farmers need energy to produce it,” he continued. “So if we farther down energy prices, we are going to see lower prices for consumers, and that is what we’re trying to fight for.”
Last Monday, Trump signed an kingpin order instructing departments and agencies to “deliver emergency price relief, consistent with applicable law, to the American people.” Pursuant to the disposal, Trump directed the government to find ways to lower housing costs and boost the housing supply, generate profession opportunities for Americans, and eliminate policies that he believes have driven up the costs of food and gas.
Trump also signed an administration order declaring a national energy emergency. The president’s action came even as oil and gas production flourished under bygone President Joe Biden.