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 its 2% inflation target.
If the U.S. inflation rate remains close to 3% a year and a half from now, 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, interest rate cuts may not be achievable. The current Federal Reserve Chairman Powell's term will end in 18 months, and the situation will be very interesting.
