With inflation dipping, Lutnick predicts ‘extraordinary year’ ahead

Democrats are curiously pushing a narrative that prices are up under President Donald J. Trump, despite the Labor Department reporting that inflation eased to 2.7% in November.

Commerce Secretary Howard Lutnick appeared on Fox News’ “America Reports” to say the administration’s focus on cutting energy costs and interest rates is paying off, and was optimistic that 2026 will be an “extraordinary year” for Americans.

“The President said he was going to bring prices down and that he was going to grow our revenue through tariffs, but he was not going to let prices go up,” Lutnick said. “We’re cutting energy prices. We’re cutting interest rates, right? These things are coming down.”

“And I think what you’re going to see next year is an extraordinary year. Energy prices down, interest prices down, and earnings up, up, up,” he continued.

.@howardlutnick: “I think what you’re going to see next year is an extraordinary year — energy prices down, interest prices down, and earnings up, up, up!” pic.twitter.com/yUvyCoONt8

— Rapid Response 47 (@RapidResponse47) December 18, 2025

Trump was equally optimistic when he addressed the nation earlier this week from the Diplomatic Reception Room at the White House, stating that his administration is “bringing our economy back from the brinks of ruin.”

“We’re poised for an economic boom, the likes of which the world has never seen,” the president said, while faulting the Biden administration.

“The last administration and their allies in Congress looted our treasury for trillions of dollars, driving up prices and everything at levels never seen before. I am bringing those high prices down and bringing them down very fast,” he said.

Citing data from The Conference Board, Fox News reported that “consumer confidence fell more than expected last month, hitting the lowest level since this past spring.”

But the commerce secretary said the “fake news” media is misleading people by not reporting on the full economic picture.

“You’ve got the president fighting for drug prices to be lower, fighting for energy prices to be lower, fighting for interest rates to be lower. Those are the three big pushes,” Lutnick said.

“The other side of the coin is bringing in these trillions of dollars of investment,” he added, suggesting that a “golden age” is coming.

With the midterm elections also coming, this “golden age” can’t come too soon — here’s a sampling of responses to the story, as seen on X:

Thank you for all your hard work digging us out of the auto-pen quagmire.

— MaryLouWestin (@LouWestin) December 18, 2025

This is great news for the American people. We need the economy to be strong and growing.

— AMIRAN (@Amiran_Zizovi) December 18, 2025

And growing income and revenue IS what’s needed. One cannot just reduce prices. People’s income have been sliding behind inflation for so long that they need an equality boost.

— AllieJade (@AllieJade1) December 18, 2025

Interest just came in at 1.6% , illegal leaving/ deported should bring wages up and housing down. 2026 is also our 250th. BOOM Coming!

— Jim DaBink (@JimDaBink) December 18, 2025

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Tom Tillison

Senior Staff Writer
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The longest-tenured writer at BizPac Review, Tom grew up in Maryland before moving to Central Florida as a young teen. It is in the Sunshine State that he honed both his passion for politics and his writing skills.