English
Back
Download
Log in to access Online Inquiry
Back to the Top

Trump's victory casts a shadow over the independence of the FRS - impacting the future of the economy.

November 7, 2024 3:01 JST (excerpt)
There is also a possibility that the FOMC will be cautious about the timing and extent of interest rate cuts, according to Tan.
Although President Trump does not participate in the debate, he still wants to interject - Bessent.
Donald Trump's victory in the U.S. presidential election held on the 5th may have a strong impact on the future of the U.S. economy. There is a possibility that the policy outlook of the Federal Reserve Board (FRB) could change in the coming months, as well as questions about how much pressure the White House comeback will exert on the FRB.
During the election campaign, Trump promised to impose more tariffs on trading partners, forcibly deport millions of illegal immigrants, and extend the tax cuts introduced in 2017. If these policies are implemented, there are many estimates that they will put upward pressure on prices, wages, and the federal budget deficit.
It seems that the FRB's task of protecting the labor market while lowering the inflation rate to the target of 2% will become more complicated. If Trump continues his previous stance of openly attacking Powell, the FRB runs the risk of being under an uncomfortable political spotlight while delicately navigating monetary policy.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
10
+0
10
See Original
Report
4233 Views
Comment
Sign in to post a comment