Economists Warn of New Inflation Hazards After Election

A punishing 2½-year fight to bring inflation down appears to be succeeding. The election could change that.

Inflation has fallen thanks to higher interest rates and big assists from healed supply chains and an influx of workers. But whether borrowing costs and price growth continue to ease next year could turn heavily on policy choices by Donald Trump or Kamala Harris

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Both candidates support policies to boost growth that might keep inflation from falling any farther. But economists and even conservative-leaning advisers worry that the ideas backed by Trump, in particular, risk stoking the embers of inflation. Those include his proposals to slap across-the-board tariffs on imported goods, to deport workers, and to lean on the Federal Reserve to lower interest rates.

Ed Morrissey

The spending and revenue policies of both candidates seem pretty unrealistic to me. However, Trump's agenda is oriented to growth, where Harris' is more oriented to regulation and redistribution. We've seen the latter for four years, so let's try the former, and let Congress take the edges off where necessary. 

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