President Donald Trump sat down in the Oval Office with “NBC Nightly News” anchor Tom Llamas for a wide-ranging interview that touched on the administration’s immigration operations in Minnesota, his plans for the Federal Reserve and tensions between the United States and Iran.
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At times, Trump made false, exaggerated or misleading claims while discussing the economy, the southern border, crime, election security and a variety of other topics.
Tune in for more of Tom Llamas’ interview with President Donald Trump on Super Bowl Sunday on NBC.
Here is NBC News’ fact-check of those statements:
Economy
Inflation
As Trump touted his administration’s work to improve the U.S. economy, he said:
“I inherited the worst inflation in the history of our country.”
This is false. When Trump took office in January 2025, prices had declined sharply from the recent highs experienced during the pandemic. In January 2025, inflation was 3%, and it fell as low as 2.3% in April. But after Trump rolled out his global tariffs, inflation rose again, hitting 3% in September. In December, it was 2.7%.
The worst inflation on record was experienced in 1980, when it was more than 14% from March through June.
Jobs
On the jobs front, Trump said: “There are more people working today than at any time in the history of our country.”
The statement is correct. But the labor market’s rate of growth has slowed...
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