WASHINGTON (AP) — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.'
WASHINGTON — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely."
Many economists aren’t thrilled with Vice President Kamala Harris’ economic agenda, either. They dismiss, for example, her proposal toMoody’s Analytics has estimated that Harris' policies would leave the inflation outlook virtually unchanged, even if she enjoyed a Democratic majority in both chambers of Congress. An unfettered Trump, by contrast, would leave prices higher by 1.1 percentage points in 2025 and 0.8 percentage points in 2026.
But Mark Zandi, chief economist at Moody’s Analytics, said that the magnitude of Trump’s current tariff proposals has vastly changed the calculations. “The Trump tariffs in 2018-19 didn’t have as large an impact as the tariffs were only just over $300 billion in mostly Chinese imports,’’ he said. “The former president is now talking about tariffs on over $3 trillion in imported goods.''
The surge in foreign-born workers has made it easier for fill vacancies. That helps cool inflation by easing the pressure on employers to sharply raise pay and to pass on their higher labor costs by increasing prices. Wendy Edelberg and Tara Watson of the Brookings Institution found that by raising the supply of workers. the influx of immigrants allowed the United States to generate jobs without overheating the economy.
The Peterson Institute report found that upending the Fed's independence would increase inflation by 2 percentage points a year.Boeing files registration statement for securities, stock sale of up to $25 billion
Imported Goods Consumer Prices Trump Tariffs Inflation Outlook Federal Reserve Vice President Kamala Harris Mainstream Economists Peterson Institute
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