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US President-elect Trump: Will instruct the cabinet to combat record inflation, announces a national energy emergency

US President-elect Trump: Will instruct the cabinet to combat record inflation, announces a national energy emergency

Bitget2025/01/20 17:36

According to Jinshi Data reports, the newly inaugurated President of the United States, Donald Trump emphasized in his inauguration ceremony that he will instruct his cabinet members to urgently address the current record-breaking inflation issue and announced a national energy emergency. Trump pointed out that long-term fiscal overspending and rising energy prices are the main causes of the inflation crisis. As he was delivering his speech, there were violent fluctuations in the cryptocurrency market; Bitcoin's price plummeted by nearly $4500 in a short time before quickly rebounding. It is currently reported at $104,605.

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