Trump's inflation bomb

Share on email has suffered under the crushing weight of inflation, which voters consistently rank as their top issue for the 2024 election.has allowed Trump to build a decisive polling advantage on the economy — while some of his own plans have largely escaped scrutiny.At least four of the main principles of Trump's economic philosophy carry significant inflationary risks, according to economists and Wall Street analysts.

Tax cuts may make life more affordable for many Americans, but more money in the economy also juices consumer demand — potentially pushing up prices.the "largest domestic deportation operation in American history," planning mass detention camps and raids targeting millions of undocumented immigrants.outlines plans to use presidential "impoundment" authority to cut out "wasteful and unnecessary" spending by federal agencies, which Trump says will help stop inflation.

Nearly 9 in 10 Americans say the economy and inflation will be the most important issues determining who they support for president in November, according to a new Right now, that's a bad sign for the White House: 44% of Americans trust Trump to handle inflation, while just 30% trust Biden.Share on linkedin

Source: Loan Digest (loandigest.net)

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