In a letter obtained by Axios, sixteen Nobel Prize-winning economists have warned that the re-election of Donald Trump could reignite inflation due to his "fiscally irresponsible budgets." The economists expressed deep concerns about the potential risks to the US economy should Trump win the November election.
The Nobel laureates emphasised that although their views on specific economic policies vary, they unanimously agree that President Joe Biden's economic agenda is "vastly superior to Donald Trump's" plans. Despite inflation cooling since April, it remains above the US Federal Reserve's 2% target. High living costs and mortgage rates are critical issues for voters as the November elections approach.
