According to Odaily Planet Daily, Bridgewater Associates' Chief Investment Officer Bob Prince stated at an investment summit in Hong Kong that Trump's policies may prevent the U.S. from achieving the 2% inflation target.
If the U.S. inflation rate is still close to 3% in a year and a half, Trump may nominate a Federal Reserve Chairman willing to accept a higher inflation target in order to cut interest rates.
He added that if the inflation rate remains unchanged, a rate cut may not be achievable. The current Federal Reserve Chairman Powell's term will end in 18 months, and the situation will be quite interesting.
