Bob Prince, Co-Chief Investment Officer at Bridgewater Associates, has expressed concerns about the potential impact of President-elect Donald Trump"s policies on inflation in the United States.
Prince believes that Trump"s stance on tariffs, fiscal stimulation, and immigration could cause the country to miss its 2% inflation target.
He also suggests that if inflation reaches 3% within the next year and a half, Trump may appoint a Federal Reserve chairman who is more open to this higher target.
This change in leadership at the Fed could have significant implications for monetary policy and the overall financial landscape as the administration tackles economic challenges.