Washington, April 17 -- President Donald Trump defended his administration's economic record at a Las Vegas event on Thursday amid rising energy costs due to US war against Iran.
Skeptical about the autheticity of the recent Labor Department report showing a 0.9% jump in inflation last month, the largest spike in nearly four years, attributing it to temporary increases in fuel and energy prices, Trump said, "Don't forget, we're having some fake inflation because of the fuel, the energy prices."He emphasized that these costs are "short-term" and urged Americans to watch developments over the coming week.
The spike followed Iranian counterstrikes in the Gulf that disrupted oil trade through the Strait of Hormuz. Energy markets eased after T...