The paper represents the most comprehensive analysis to date on the combined impact of Trump’s trade, immigration and Fed proposals.
In that scenario, employment would be 9% lower than baseline by 2028 and inflation would surge to 9.3% by 2026.
“So-called economists and experts doubted President Trump’s economic plans in his first term.
That means the same factory workers Trump says he is trying to help would be hurt the most.
Fed Chair Jerome Powell, who was nominated by Trump in 2017, cautioned against any effort to interfere with Fed independence.
Persons:
Donald Trump, Trump, “, Warwick McKibbin, Megan Hogan, Marcus Noland, they’ll, ” Karoline Leavitt, Trump’s, Kamala Harris, Harris, ” Trump, McKibbin, Mark Zandi, ”, Jerome Powell, ” Powell, We’re
Organizations:
CNN, Republican, Federal Reserve, Peterson Institute for International Economics, Peterson Institute, Trump, Security, ”, Peterson, Moody’s, Bloomberg
Locations:
United States, China, America, Georgia, Michigan, outflows