Trump Declares Inflation "Defeated" in Detroit Affordability Speech Despite 2.7% CPI, Proposes 10% Credit Card Rate Cap and $200B Housing Bonds

President Trump spoke at the Detroit Economic Club on January 13, 2026, claiming inflation was "defeated" and touting an economic boom — while December 2025 CPI data released the same day showed inflation holding at 2.7%. Trump proposed banning institutional investors from buying single-family homes, a federal purchase of $200 billion in housing bonds to lower mortgage rates, a 10% cap on credit card interest rates for one year, and health care affordability measures including direct-to-consumer insurance subsidies. Critics noted the speech conflicted with the $3-meal controversy and ongoing tariff-driven food price increases.