Reported about 13 hours ago
In a striking turn from his 2024 presidential campaign promises, Donald Trump has shifted from vowing to combat inflation to actively encouraging it through heavy tariffs on imports. As a result, inflation forecasts have risen, with potential price increases for a wide range of goods, including vehicles and clothing. Trump's pressure on the Federal Reserve to lower interest rates could exacerbate inflation further, paralleling historical lessons from past administrations. With a declining approval rating and growing consumer expectations of inflation, Trump's handling of the economy faces increasing scrutiny as he prioritizes protectionism over price relief.
Source: YAHOO