According to Odaily Planet Daily, the Oxford Economics Institute estimates that by 2028, Trump's policies will cause inflation to be about 0.3 percentage points higher than otherwise. Harris' policies will cause inflation to be about 0.2 percentage points higher and house prices to be about 0.5 percentage points higher than otherwise.
If the Fed finds new inflationary pressures, it will likely reverse the rate cuts that Fed Chairman Jerome Powell essentially announced on August 23. Powell is now signaling a gradual pace of rate cuts over the next few years. But he also made it clear that if inflation returns, the Fed could stop cutting rates or even start raising them again.
