No, Trump Never Said 'I Love Inflation' — The Quote Was Stripped of Context
“Donald Trump explicitly stated that he loves inflation during a press interaction”
The argument in brief
A viral clip and a 2024 Kamala Harris campaign ad claimed Donald Trump explicitly said he loves inflation. That's false. The quote came from a 2020 Fox Business interview about real estate and low interest rates, not a blanket endorsement of rising consumer prices — a finding confirmed by PolitiFact, Reuters, AP, and Snopes.
Why it spread
The clip confirmed what many of Trump's critics already believed — that he is cavalier about economic harm to working people. When a quote fits a pre-existing story, people share it without checking. Short video clips are also uniquely easy to strip of context, and on social media, the edited version almost always travels further than the correction.
A viral video clip, amplified by a Kamala Harris campaign advertisement in 2024, claimed Donald Trump said 'I love inflation.' Multiple independent fact-checkers investigated and found the claim to be false. Trump never made that statement in the way it was presented.
The clip traces back to a 2020 Fox Business interview in which Trump was discussing real estate economics and low interest rates — not consumer inflation. PolitiFact rated the claim False, finding the quote was pulled out of a broader economic conversation and made to sound like a policy position Trump never actually took.
Reuters and the AP reached the same conclusion. Reuters found the viral clip was edited or stripped of context, while AP noted the Harris ad used a misleadingly cut version of Trump's words. Neither outlet found any statement where Trump endorsed inflation as a general economic phenomenon.
Snopes put it plainly: the claim was missing context at best, and outright false at worst. Trump's actual remarks were about specific financial dynamics in real estate — a world where low rates and certain price movements can benefit property owners — not a wish for the kind of inflation that raises grocery and gas prices for ordinary Americans.
This kind of misinformation is worth watching for because short video clips travel fast and feel convincing. A few seconds of footage, stripped of the surrounding conversation, can completely reverse the meaning of what someone said. When a quote seems almost too perfectly damning, that's a good moment to look for the full original source before sharing.
Sources
- PolitiFact
PolitiFact rated the claim that Trump said 'I love inflation' as False. The quote was taken out of context from a 2020 Fox Business interview where Trump was discussing how low interest rates and certain economic conditions could benefit real estate, not expressing love for inflation as a policy.
- Reuters Fact Check
Reuters found that the viral clip circulating in 2024 misrepresented Trump's words. Trump never explicitly stated he loves inflation; the clip was edited or stripped of context from a broader economic discussion.
- AP Fact Check
AP's fact-checkers noted that the claim originated from a Harris campaign advertisement that used a misleadingly edited clip. Trump's actual statement did not constitute an endorsement of inflation as an economic phenomenon.
- Snopes
Snopes investigated the claim and found it to be missing context at best and false at worst. Trump's remarks were about specific financial instruments or real estate dynamics, not a blanket endorsement of inflation.