One of the big items during the Trump whirlwind campaign, was the president-elect's promise to lower prices, and ease inflation. But can we really expect it to happen? And how long will it take?
"I think you will start to see many more of the things that you buy on a daily basis, at least start to stabilize" said Texas based economist, Dr. Vance Ginn, "And that will help out many Americans across the economy."
But how long will it be before we actually see results?
"I don't think it will happen overnight" Ginn told KTRH, "But I would guess that within a couple of months you would start to see some changes within the cost of living across the country."
If you remember, the economy and inflation were at some of the lowest levels in our nation's history during Trump's first term, a term that Dr. Ginn served in the White House's Office of Management and Budget (OMB).
"When the Trump administration starts on January 20th, in the first 100 days there's going to be a lot of cuts in regulations and other things that will reduce the cost of doing business, and then that will also help to reduce prices across the economy" noted Ginn.
Wasteful government spending will also be a key cut. In the meantime, 61% of Americans now say they are living paycheck to paycheck.