“We are poised for an economic boom the likes of which the world has never seen,” Trump told the nation in a campaign-style speech from the White House. “Eleven months ago, I inherited a mess and I am fixing it.”

Ahead of the latest consumer price index (CPI) inflation data being released—the first batch of price data to be published since the government shutdown ended in mid-November—Trump said he’d “stopped” inflation and that “[prices] are all coming down and coming down fast.”

Trump’s barnstorming speech was praised by Republicans who are hoping optimism will carry them through the 2026 midterms after Trump and the Republican party have slumped in the polls.

“High energy, great delivery, grand slam, home run on making the case that the best is yet to come,” Lindsey Graham, a Republican senator from South Carolina, posted to X.

A $1,776 bonus, called the “warrior dividend,” is to be paid to U.S. service members to mark the upcoming U.S. 250th anniversary, Trump said, with the funds drawn from his sweeping tariffs, as well as the “One Big, Beautiful Bill” that he signed into law earlier this year.

Stimulus measures and “dividend checks” have been widely floated as a way the Trump administration could pump markets and the economy ahead of the midterms.

Trump also used the speech to once again tease the name of the new Federal Reserve chair in his Apprentice-style approach to political appointees.

“I’ll soon announce our next chairman of the Federal Reserve, someone who believes in lower interest rates by a lot,” Trump said. “And mortgage payments will be coming down even further,” adding that he plans on announcing “some of the most aggressive housing reform plans in American history … early in the new year.”

This week, Trump interviewed Christopher Waller, a pro-crypto Fed governor who has publicly pushed for lower interest rates, and is now the second-place bet on the Polymarket prediction platform after National Economic Council director Kevin Hassett.

In an appearance at the Yale School of Management CEO Summit in New York, Waller said the Fed still has room to cut interest rates amid rising job market weakness in comments that more closely align him with Trump’s view on interest rates.

“I still think we’re probably, you know, maybe we’re 50 to 100 basis points off of neutral,” which means the Fed still has room to cut interest rates if it needs to, Waller said in comments reported by Reuters.

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Meanwhile, bitcoin and crypto analysts are scrambling to predict what 2026 will mean for the bitcoin price after this year appeared to end the established “four year cycle” of bitcoin price booms and busts.

“If the four-year cycle is dead, what replaces it,” asked Fadi Aboualfa, head of research at Copper in a message sent via Telegram, and pointing to the rise of spot bitcoin exchange-traded funds that have hoovered up 1.5 million bitcoin worth $132 billion since they were created in early 2024—just over 7% of the 21 million bitcoin that will ever exist.

“We see the rise of cost-basis return cycles. Since spot ETFs launched, bitcoin has moved in repeatable mini-cycles where it pulls back to its cost basis and then rebounds by around 70%. With bitcoin now trading near its $84,000 cost basis, that pattern points to a move north of $140,000 in the next 180 days. If cost basis rises 10–15% as in prior cycles, the resulting premium seen at past peaks produces a target range of $138,000–$148,000.”