Analyzing How Economic Policies Under Trump and Biden Administrations Have Impacted Inflation

Trump's policies in his first term kept inflation below the Fed's 2% target, with CPI at 1.9% and PCE at 1.6% over 4 years
Biden's policies have led to high inflation, with CPI currently at 6% annually
Trump pursued "drill, baby, drill" which kept oil prices low, while Biden has waged a "war against fossil fuels" leading to high oil prices
Trump's tax cuts and deregulation were counter-inflationary by incentivizing business investment and productivity
Trump pushed for fair trade deals that cut tariffs and defended American workers without causing inflation