Reported about 12 hours ago
President-elect Donald Trump has made the Federal Reserve's efforts to combat inflation more difficult, creating concerns among Fed officials about maintaining price stability and maximizing employment. With inflation remaining close to the Fed's 2% target in 2024, Trump's proposed policies, including high tariffs and tax cuts, are expected to exacerbate inflationary pressures. The Fed's latest economic projections suggest a gradual increase in core inflation, while analysts anticipate that Trump's pro-business stance might lead to increased consumer spending, potentially leading to further complications for inflation management.
Source: YAHOO