Tamara Keith

Trump's speech in Detroit lasted more than an hour and included a lot of commentary that had nothing to do with the economy.

But on the matter of bringing down the cost of living, Trump talked about his recent pitch to have credit card companies cap interest rates at 10 percent for a year.

Trump even called Democratic Senator Elizabeth Warren this week.

She said she told him capping credit card rates would require congressional action and he would have to fight for it.

Tamara Keith, NPR News.

Yes.

Yes, it is.

He was really all over the place in this speech, changing topics mid-sentence and boasting about being off the teleprompter 80 percent of the time.

The speech included insults from more than half a dozen politicians, Republicans and Democrats alike.

And then there was his impression of his predecessor.

State of the Union, he gets... And picture the president making contorted facial expressions to go along with the sound effects.

First off, he said it is great.

He boasted that grocery prices are, quote, starting to go rapidly down.

That was on the same day that the government announced that in December, grocery prices had their biggest spike since 2022.

He went into some detail about his view that when gas prices come down, other prices will come down as well.

Of Fed Chair Jerome Powell, he said that jerk will be gone soon.

And then he teased new proposals.

And these regular riffs about affordability being a con job or a fake word really risk undercutting his message and are also out of line with the pain that people say they're feeling.

He said he's going to outline a proposal at the World Economic Forum in Davos next week to bring down home prices by getting private equity companies out of the U.S.

housing market.