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Trump has promised to slash energy prices in half, which he said will have an overall deflationary effect.
But recently, Trump and his staff seem to be trying to temper expectations.
Its hard to bring things down once theyre up.
You know, its very hard.
But I think that they will [come down].
Obviously, a majority of Americans have high hopes that Trump will deliver on his promises.
Energy
Energy prices could come down under Trumps presidency.
But his or any presidents ability to directly affect energy prices is limited, at best.
Jacob Channel,LendingTreesenior economist, agreed.
So what would it take?
But not everyone agrees that these measures will produce the results Trump is promoting.
By their very nature, tariffs are designed to make importing goods more expensive for businesses.
These higher costs are usually passed on to consumers in the form of higher prices.
Healthcare costs can be quickly brought down, Blessing said.
It now takes about a billion dollars to bring a new drug to market on average.
A huge amount of that goes to meeting governmental regulations, and there is enormous waste in the process.
Blessing told GOBankingRates that the same thing is true formost medical institutions and categories.
Housing
Trumps policies on regulation and immigration could have mixed effects on housing costs.
On the one hand, reducing excessive regulation could result in lower home construction prices.
Reducing that red tape could help to moderate home prices.
Education
Education is another area where the federal government can have a strong impact on prices.
What Can Americans Expect After the Inauguration?
Channel is also incredulous but admits that the future isnt set in stone.
In truth, we wont know for certain what the future will bring until it has actually arrived.
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