politics
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The federal reserve's interest rates are good chunk of what's going to determine inflation. Trump wants to gut their independence and force them to cut interest rates to near zero. That will make inflation explode
Mwanwhile the current administration is finally actually going after big monopolies after decades of inaction. Will take more time to go through the courts but that can bring down prices in some industries too. Do you think trump will really continue that or stop the lawsuits the minute he gets power?
Other Trump plans are extremely inflationary as well. He plans to put massive tarrifs on a lot of goods. His plans to do deportations that include US citizens will also raise prices too
Are they? What actions are they taking? I know in Canada our NDP just broke it off with the Liberals for doing exactly the opposite of that.
The federal trade commission has started monopoly lawsuits after a number of big companies. Plus going after other anti-competitive practices. Here's just a handful of the latest FTC's actions: