The incoming president capped a historic comeback, embarking on an agenda that includes mass deportations, tariffs and slashing the size of the federal government.

Trump vowed to “defeat what was record inflation.” Inflation peaked at 9.1% in June 2022 after rising steadily in the first 17 months of Biden’s presidency from a low of 0.1% in May 2020. The most recent data shows that as of December it had fallen to 2.

Donald Trump took the presidential oath for a second time, capping a historic political comeback to the White House. The ceremony was moved inside to the U.S. Capitol Rotunda because of frigid weather for only the first time since Ronald Reagan's second inauguration 40 years ago.

Trump’s second inaugural address outlined an agenda that will take aim at racial equity efforts, transgender rights and undocumented immigrants.