Donald Trump’s policies set to cool growth and lift inflation, economists say

Open the White House viewing newsletter for free

Your Guide to What is the US 2024 Choice for Washington and the World

Donald Trump cleansing tariffs and rush to reduce the federal government, to stimulate US economic growth and accelerimate inflation, leading academic economists have been warned in a survey.

Economists have also caused concern over the quality of economic statistics. Vital information for investors in the world’s largest economy. On dissolving the influential council of the consultant after the decision of the Trump administration.

FT-CHICAGO BOTH survey is followed by two weeks of sale of US shares, which have arisen by Donald Trump tariffs for the efforts of US trade partners and his administration to lose sharp weight. Wednesday’s Federal Reserve is ahead, in which officials will provide their economic forecasts.

“Tariffs, Tax Reductions, Government Employment and Expenditure Reductions, Education Financing Attacks եւ [Fed] Independence everyone plays, “said Robert Barbera, Johns Hopkins University Economist.

Almost all surveyed surveyed, who were part of Chicago’s Chicago Business School Clark Center, said that uncertainty over economic policy increases, as consumers and businesses retire expenses.

Among the 49 employees surveyed, the average assessment was for the economy in 2025 to expand 1.6 percent from 2.3 percent in December. Last year, the US economy expanded 2.8 percent, the highest level in the G7 group of leading rich economies.

There are already signs that Trump tariffs, including those in steel and aluminum, are circulating through the US economy. Businesses have reported a decline in new orders, and the consumer mood has decreased. Metal prices, main entrances to industry have also increased. Canada and China have already taken revenge on the United States, while the EU has threatened to do so.

Economists also expect Trump’s policy to burn higher inflation, Fed is far from its 2% target. They expect the basic personal consumption cost index by Fed carefully viewed measurement from 2.5% per annum to 2.8% interest rate. In January, the remedy was up to 2.6 percent.

Professor Karen Sinan, a professor at Harvard University under the Obama administration, said that “economists historically struggle to find evidence that uncertainty for growth in the United States is important.”

He added:

Some Trump’s flag bearer policy, including major cuts for the federal workforce, which ruled Elon Musk, the so-called government efficiency (DOGE), was also challenged in court. Trump has also been delayed many times on tariffs, for example, he gave great digging to the Lahareies of Mexico and Canada, just days of imposing them.

“It is unknown at this time what he will do after leaving the post.

More than 90 percent of respondents also said that they had worried about the quality of economic data, just more than half, saying they were very worried, and the rest were a little worried.

This follows the decision of the Department of Trade to dissolve the Federal Statistics Advisory Committee body It helped improve the quality of economic data last month.

Commercial, Howard Lutnik, said earlier this month that he planned to spend the “separate” government from GDP events, a change in the international norm, including in the index.

“The politically motivated change of variables would be disturbing,” Hams Hamilton said about the San Diego of the University of California, which has so far been announced only by the data collection and delivery.