Bridgewater Associates Co-Chief Investment Officer Bob Prince indicated that President-elect Donald Trump"s policies could lead the U.S. to miss its 2% inflation target, potentially pushing inflation closer to 3% in 18 months. This scenario may prompt Trump to nominate a more accommodating Federal Reserve chairman to facilitate interest rate cuts, as current Chair Jerome Powell"s term expires. Prince"s comments align with warnings from other investors about rising inflation under a second Trump presidency, driven by pro-business and pro-growth initiatives.
Bridgewater Associates Co-Chief Investment Officer Bob Prince indicated that President-elect Donald Trump"s policies on tariffs, fiscal stimulation, and immigration could lead the U.S. to miss its 2% inflation target. If inflation approaches 3% in about a year and a half, Trump may consider nominating a Federal Reserve chairman who would support a higher target, allowing him to reduce interest rates.
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