Fox News host Bret Baier fact-checked President Donald Trump's assertion that inflation stood at 1.7% during his term, stating it was closer to 2.4%, compared to the current 3.7%. Baier presented data from a Fox News poll conducted October 9-12, which indicated that 77% of Americans disapprove of Trump's handling of inflation.
Baier highlighted specific inflation figures, citing data from the Bureau of Labor Statistics, which showed overall inflation at 3.7%. He noted that energy prices had risen by 20.4%, gasoline by 34.2%, and fuel oil by 74.2%.
During the segment, Wall Street Journal reporter Meridith McGraw commented on Trump's strategy, suggesting he believes his prominent presence can motivate core voters to support Republican candidates in the upcoming elections. However, she noted that Republican candidates are in a difficult position, particularly concerning the economy. McGraw observed that many Americans, as reflected in the poll, are not convinced by the economic narrative being presented, especially regarding the cost of living.
Baier concluded that "Costs — that’s really what this election has been about," underscoring the impact of economic concerns on voters.