Trump can bring down inflation: John Paulson [Video]

Billionaire hedge fund founder John Paulson, a major fundraiser for former President Trump, said Wednesday that Trump’s economic plan would help bring down inflation.

Paulson told FOX Business Network’s Maria Bartiromo during an appearance on “Mornings with Maria” and criticized Democrats’ Inflation Reduction Act as worsening inflationary pressures in the economy.

“I think the Act should be, you should drop ‘Reduction’ – it should’ve been called the Inflation Act,” Paulson said. “Inflation under Biden has been over 20% cumulatively since he’s been elected, under Trump it was just over 7%.”

“So Trump managed the economy much better, much lower inflation, growth in real wages and I’d expect the same if he’s elected again,” Paulson said.

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Inflation was 1.4% when the Biden-Harris administration took office in Jan. 2021, but began a steady rise amid pandemic-related supply chain disruptions and elevated federal spending meant to mitigate the pandemic’s economic impact. 

Inflation …