Heres Why Economists Say Trumps Economic Plans Would Worsen Inflation
Sort by
Date
-
Trump’s Return May Worsen Financial Woes for Global Health Institutions
The U.S. provides nearly half of the aid for global health, including childhood vaccination, H.I.V. treatment and disease surveillance.The New York Times - 21h -
Trump Tossed a Debt Limit Grenade Into Spending Talks. Here’s Why.
President-elect Donald J. Trump was forced to negotiate with Democrats over the borrowing cap during his first term.The New York Times - 1d -
Bank of England Holds Rates as U.K. Inflation Rises Amid Economic Uncertainty
Stubborn inflation, tax rises and high interest rates make it difficult for many to muster optimism, at least in the short term.The New York Times - 1d -
Gingrich says Trump would be 'better off' if government shuts down
Former House Speaker Newt Gingrich (R-Ga.) suggested President-elect Trump would be "better off" letting the government shut down. "I think that President Trump would be much better off to let the ...The Hill - 21h -
Trump says EU will face tariffs unless it buys more U.S. oil and gas. Here’s why that matters.
President-elect Donald Trump called on the EU to reduce its trade deficit by buying more American oil and gasMarketWatch - 1d -
Here’s why FedEx plans to spin off its freight business
FedEx seeks to ‘unlock value’ for shareholders with FedEx Freight spinoff.MarketWatch - 1d -
Democratic senator says Trump’s plan to ‘cripple our democracy’ underway
Democratic Sen. Chris Murphy (Conn.) said President-elect Trump’s plan to “cripple our democracy” is already underway. In a lengthy post thread on social platform X on Tuesday, Murphy argued that ...The Hill - 2d -
Here's why Trump’s hush money judge rebuffed the immunity claim
President-elect Trump suffered a major loss in his bid to toss his New York criminal conviction when a judge ruled Monday that the guilty verdict withstands the Supreme Court’s presidential ...The Hill - 3d -
Ontario's premier says Trump's tariffs would be a disaster for US markets
The premier of Canada’s most populous province says President-elect Donald Trump’s plan to impose sweeping 25% tariffs on all Canadian products would be a “disaster” that would hurt U.S. stock marketsABC News - 3d -
Trump trade counselor Peter Navarro says planned tariffs won't spur inflation
President-elect Donald Trump has vowed to enact across-the-board tariffs, targeted import duties on China, Canada and Mexico, and tax cuts.CNBC - 3d -
Trump Says He Would Consider Pardoning Eric Adams
President-elect Donald J. Trump’s comment reflects an unusual relationship that Mr. Adams, the New York mayor, has encouraged as his federal corruption trial nears.The New York Times - 4d -
Trump says he would consider pardoning NYC Mayor Eric Adams
President-elect Donald Trump made the remarks about NYC Mayor Eric Adams at Mar-a-Lago after an announcement by Softbank CEO Masayoshi Son.CNBC - 4d -
Trump says he would consider pardoning Eric Adams
President-elect Trump on Monday said that he would consider a presidential pardon for indicted New York City Mayor Eric Adams (D), who was indicted in September on criminal charges stemming from a ...The Hill - 4d -
The bubble-up in U.S. inflation is likely to end soon. Here’s why.
Recent resumption of the retail and wholesale price pickups might be short-lived.MarketWatch - 5d -
Economists trim Fed rate cut estimates on fear of Trump inflation surge
Deregulation, tax cuts and tariffs stoke probability of stubbornly high price growth, FT-Chicago Booth poll findsFinancial Times - 5d -
Trump's tax plan is uncertain for 2025 — here are key lessons from his 2017 tax overhaul
Trillions in Trump's tax cuts will expire after 2025 without action from Congress. Here are key lessons from his 2017 tax overhaul.CNBC - Dec. 14 -
This economist says the US needs price controls to tackle inflation: ‘We need to dare to think outside the box’
Isabella Weber says economists must design policies that people feel make their lives better – or the US could slide toward fascism. As Donald Trump has pointed out, the price of groceries was ...The Guardian - Dec. 13 -
Here's what Trump's plans to extend his tax cuts could mean for you
President-elect Donald Trump has said he wants to extend the 2017 tax cuts, plus throw in a few more. Here's what to know.CBS News - Dec. 13 -
The chain of contradictions in Trump’s economic policy
His team is promising high growth, low inflation and control of government spending — all at onceFinancial Times - Dec. 13 -
Economy faces 'some potential storms' in 2025, Moody's chief economist says
The economy is doing "exceptionally well," said Moody's Analytics chief economist Mark Zandi. But he sees headwinds under the new administration.CNBC - Dec. 12 -
Here’s the inflation breakdown for November 2024 — in one chart
Increases in prices for groceries and gasoline outweighed disinflation in categories such as shelter, according to the consumer price index.CNBC - Dec. 11 -
Biden touts economic legacy, says Trump will inherit a strong economy
President Biden touted his economic record during a speech on Tuesday, despite high prices being a key factor in President-elect Donald Trump's win. CBS News political correspondent Caitlin ...CBS News - Dec. 10 -
Biden Says Trump’s Tax Cuts and Tariffs Would Be ‘a Major Mistake’
The president also said his successor would face blowback from the Republican Party if he tried to unwind the Biden agenda.The New York Times - Dec. 10 -
Economists have 'really had it wrong' about recession, market strategist says
David Zervos of Jefferies and Barbara Doran, CEO of BD8 Capital Partners, weigh in on the likelihood of more Fed rate cuts to come at CNBC's FA Summit.CNBC - Dec. 10 -
If Trump adds tariffs, 'either way, there is a cost to consumers,' economist says
President-elect Donald Trump's tariff plan is expected to raise costs, especially for low and middle earners, experts said. But the scope of tariffs is unclear.CNBC - Dec. 10 -
Trump’s deportation plan would hurt families and economy, Senate hears
Witnesses testify to judiciary committee as top Republican says undocumented people should ‘get ready to leave’ . Donald Trump ’s vow to carry out the largest deportation campaign in American ...The Guardian - Dec. 10 -
Trump details immigration plans, says he'll pardon Jan. 6 rioters
President-elect Donald Trump spelled out some of his initial plans for his incoming administration in his first post-election interview over the weekend. CBS News congressional correspondent Nikole ...CBS News - Dec. 9 -
Trump says he ‘would consider’ raising the federal minimum wage
President-elect Donald Trump says there’s a “level at which you could” raise the federal minimum wage, but he would want to speak to governors first during an exclusive interview with Meet the Press.NBC News - Dec. 8 -
Trump refuses to concede 2020 election: ‘Why would I do that?’
President-elect Donald Trump tells Kristen Welker that he’s “not interested” in directing the Department of Justice to investigate the 2020 election, during an exclusive interview with Meet the Press.NBC News - Dec. 8 -
Trump says he still has ‘concepts of a plan’ for health care
President-elect Donald Trump defends his handling of the Affordable Care Act in his first White House term during an exclusive interview with Meet the Press.NBC News - Dec. 8 -
Trump’s tariffs didn’t spark inflation last time? Here’s the trouble with that defense.
When allies of President-elect Donald Trump address one big criticism of his tariff plans — that the levies would boost inflation at time when Americans are already frustrated with elevated prices ...MarketWatch - Dec. 7 -
Trump’s pick for IRS chief would lead an agency he once wanted to scrap. Here’s how he might run it.
President-elect Donald Trump wants the Internal Revenue Service under new management, and experts say change is coming. The question is how deep it will go.MarketWatch - Dec. 6 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
Trump picks economist Faulkender for No. 2 position at Treasury
President-elect Trump announced economist Michael Faulkender as his pick for deputy secretary of the Treasury on Wednesday, the second-highest ranking position at the department. If confirmed, ...The Hill - Dec. 4 -
'Why would I back down?': Embattled Pete Hegseth says Trump told him to keep fighting
Pete Hegseth, Donald Trump’s embattled pick for defense secretary, brushed aside suggestions that he would drop out and said Trump urged him to “keep fighting.”NBC News - Dec. 4 -
Economy cools off after election, ISM finds. Businesses anxious about Trump’s economic plans.
Service-oriented companies in the U.S. grew in November at the slowest pace in three months, reflecting uncertainty about how the incoming Trump administration will affect the economy.MarketWatch - Dec. 4 -
If Trump’s tariffs start a trade war, it would be an economic disaster | Mark Weisbrot
The president-elect’s two main arguments for his tariff threat – to reduce migration and to combat drugs – are not credible. “To me, the most beautiful word in the dictionary is tariff, and it’s my ...The Guardian - Dec. 4 -
Trump’s economic plans may encounter a problem many Americans know all too well: Crushing debt
None of President-elect Donald Trump’s plans for boosting domestic production have “a chance” unless this happens, says one economist.MarketWatch - Dec. 3 -
Trump Will Have Enormous Power Over Climate Action. Here’s Why.
Presidents have extraordinary control over climate policy, in part, because it’s been decades since Congress has passed a comprehensive environmental bill.The New York Times - Dec. 3 -
Trump says he would block US Steel acquisition by Nippon Steel
President-elect Trump vowed to block Japanese Nippon Steel Corp.'s acquisition of U.S. Steel. "I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this ...The Hill - Dec. 3