Trump’s Election Raises Inflation Fears as Fed Prepares Second Rate Cut [Video]

The Federal Reserve is set to cut its benchmark interest rate for the second consecutive month on Thursday in an effort to further ease inflationary pressures that have concerned American consumers and played a role in shaping the recent U.S. election results.

The move comes while inflation, which surged to record highs during the pandemic recovery, has shown signs of slowing.

However, President-elect Donald Trump‘s proposals have raised concerns about potential inflationary pressures, complicating the central bank’s decision-making process.

Trump’s economic agenda includes widespread tariffs, higher taxes on imports, and large-scale deportations. It is viewed by many analysts while potentially inflationary, which could undermine the Fed’s progress in taming inflation.

Can Trump Influence Fed Decisions?

The central …