Trump calls the idea of “affordability” a hoax. Nonetheless, he pressured the Fed to fix it. It's just one example of Trump prizing loyalty over economic expertise.

This episode was produced by Miles Bryan and Dustin DeSoto, edited by Jolie Myers, fact-checked by Laura Bullard, engineered by Patrick Boyd, and hosted by Noel King.

President Donald Trump during an event on inflation in Mount Pocono, Pennsylvania. Photographer: Adam Gray/Bloomberg via Getty Images.

This show was supported by a grant from Arnold Ventures. Vox had full discretion over the content of this reporting.

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