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International Business Times
International Business Times
Science

Trump's Policies Won't Push Up Inflation, Economic Advisor Says

Trump's longtime economic advisor Stephen Moore seen in June 2024, said he does not think Donald Trump's policies will prove to be inflationary (Credit: AFP)

Donald Trump's policies are not likely to cause inflation to reignite as many analysts fear, one of the president-elect's longtime economic advisors told AFP Tuesday, less than a week before Trump returns to the White House.

Many economists have warned that Trump's campaign proposals, which included imposing sweeping import tariffs and overseeing the largest deportation in US history, could cause a spike in inflation, forcing the Federal Reserve to keep interest rates higher for longer.

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