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Trump says "certain levels of inflation" will pay off the $40 trillion debt "very rapidly."
He has blamed Biden for "the biggest inflation in history" and said prices are "coming down rapidly."
CPI and PCE are both at 3.4% now, well above the Fed's 2% target.
President Donald Trump told TIME in an interview published that "certain levels of inflation will also pay off that debt very rapidly," referring to the roughly $40 trillion national debt.
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