What do Nobel Prize-winning economists have to say about inflation if Trump wins a 2nd term?

Sixteen Nobel Prize-winning economists signed a joint letter to warn of the economic risks they see in a potential second term of Donald Trump, including reheated inflation.

"There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets," wrote the group of politically progressive academics.

Trump has so far proposed making his first-term tax cuts permanent, imposing universal tariffs on all imports and pressuring the Federal Reserve to reduce interest rates.

Economists and Wall Street analysts alike have predicted that any or all of those proposals could reinflate prices, which remain vulnerable despite cooling slightly in recent months.