Trump runs into limits of presidential power on lowering prices

WASHINGTON (Reuters) - The US president wields enormous power and Donald Trump has greatly expanded his executive authority over the past year. But there is one area where he is learning the limits of presidential power his ability to quickly lower the cost of living.

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As a candidate, Trump promised bold economic fixes to tackle voters' biggest concern-high inflation. But, in office, Trump has discovered what his predecessors learned: taming prices is much harder than rhetoric suggests. Inflation is immune to the power of the presidential bully pulpit and cannot be cowed into submission through threats.

With just 10 months until pivotal congressional elections, Trump faces growing discontent over his handling of the economy and voter anger over persistent high prices could potentially shatter Republicans' tenuous grip over Congress.