Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office.

Incoming White House officials said the presidential memorandum would outline an all-of-government approach to bringing down prices for consumers.

Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries.

Despite Trump’s flurry of executive orders, none touched on inflation or consumer costs. Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation,