Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.

Key Takeaways Some of President Donald Trump's executive orders on his first day in office aimed to reduce housing and energy costs by reducing regulations and encouraging oil drilling.Housing and energy costs make up significant portions of household spending and inflation,

“Today, I will sign a series of historic executive orders. With these actions, we will begin the complete restoration of America, and the revolution of common sense,” said Trump, who at midday Monday became only the second U.S. president to serve nonconsecutive terms, after Grover Cleveland in the late 1800s.