Donald Trump's Plan Risks Inflation Hikes

Reported 3 months ago

During the Republican National Convention, speakers blamed high inflation on the Biden administration, promoting Donald Trump's anti-inflation plan. However, economists and investors believe Trump's proposed platform, including tax cuts, tariff increases, and immigration curbs, could potentially fuel inflation. Policies such as tax cuts and tariff hikes could lead to increased deficits and higher prices for consumers, while immigration curbs may disrupt labor markets, possibly causing shortages. Trump's stance on Fed independence and energy policy also raise concerns among experts about the impact on inflation and the economy.

Source: YAHOO

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