Jay Block, a Senator from New Mexico, said that President Trump's economic strategy continues to yield strong results. He warned that the Democrats' management of the government shutdown could jeopardize this success. Block made these remarks on X.
"Remember last Spring when the leftists experts said raising tariffs would ruin the economy and raise inflation and cause a recession," said Jay C Block, New Mexico State Senator from 12th District (R). "They know nothing but fear tactics. Inflation is low, stock market is at record highs! Trump is still making the economy great again by cleaning up the mess in aisle 46."
The September 2025 inflation report has sparked considerable political debate concerning the future of U.S. economic policy. This report arrives during a budget-impacted federal government and a significant mid-term election cycle. Analysts have noted that although the annual inflation rate of 3% was slightly below expectations, its timing during a government shutdown increases scrutiny on central-bank independence and the administration’s trade strategy. With both consumers and markets observing closely, commentators argue that this data contributes to discussions about whether priority should remain on controlling inflation or supporting the labor market, according to The Washington Post.
In September 2025, the U.S. consumer price index rose by 3.0% year-over-year and 0.3% month-over-month, slightly less than the consensus forecast of 3.1% annually. Meanwhile, the S&P 500 recorded a monthly gain of approximately 3.5% in September, marking its best performance for that month in over a decade. These figures suggest a cautiously optimistic market response to inflation that remains above the Federal Reserve's target but is stabilizing, as reported by Reuters and MarketWatch.
Since early 2024, U.S. inflation has only marginally decreased—from roughly 3.1% in January 2024 to 3.0% in September 2025—highlighting persistent price growth despite policy efforts. During this period, the S&P 500’s year-to-date return in 2025 reached approximately 14.8% by the end of September, building on its strong performance in 2024 with investors betting on profit growth despite ongoing inflationary pressures. This divergence underscores a theme in recent policy debates: financial conditions easing even as underlying price pressures persist, according to CCMG and YCharts.
Block is a Republican member of the New Mexico State Senate representing District 12; he assumed office on January 1, 2025. He previously served as a commissioner in Sandoval County from 2016 to 2024 and is a retired Lt. Col. in the U.S. Air Force with experience in missile launch operations and maintenance roles. His legislative committee assignments include Health & Public Affairs, Rules, and Military & Veterans’ Affairs, reflecting his military and local-government background as per information from the New Mexico Legislature and Ballotpedia.
