During a speech on Monday, President Donald Trump continued to dismiss Americans’ concerns about affordability , instead claiming that the U.S. is witnessing a “golden age” of prosperity under his tenure.

In remarks before McDonald’s franchise owners gathered in Washington, D.C., Trump said that he has “normalized” inflation, and gave a glowing report of the economy under his watch. In fact, inflation is up 3 percent over the past year , a slight increase from the annual rate change seen a year prior, before Trump took office.

This is “the golden age of America,” Trump exclaimed , “because we are doing better than we’ve ever done as a country.” He falsely stated that “prices are coming down, and all of that stuff.”

Trump then encouraged franchisees to oppose raises to the minimum

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