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Politics and Government Politics and Government

Fri, January 3, 2025

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Economists are worried Trump will cause 'rising inflation and slowing growth': report

^{Published on 2025-01-02 15:40:38 - MSN}

President Joe Biden oversaw the United States economy's recovery from the global pandemic, which included lowering unemployment and a slow reduction in inflation. Economists are concerned that all of that will be undone under Donald Trump.

The article from MSN discusses concerns among economists about the potential economic impacts of Donald Trump's policies if he were to return to office. According to a report by the Economic Policy Institute (EPI), Trump's proposed policies, including tax cuts for the wealthy and corporations, deregulation, and protectionist trade measures, could lead to higher inflation and slower economic growth. The report highlights that these policies might exacerbate income inequality, increase the federal deficit, and potentially trigger a trade war, all of which could destabilize the economy. Furthermore, the EPI suggests that these actions could undermine the Federal Reserve's ability to manage inflation, leading to a scenario where inflation rises while economic growth stagnates.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/economists-are-worried-trump-will-cause-rising-inflation-and-slowing-growth-report/ar-AA1wRtlh ]

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