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Many voters are optimistic that Trumps economic policies will bring relief now that he occupies the White House again.
So, can Trump lowerinflation in 2025?
GOBankingRates spoke with experts to find out.
It was the huge surge in spending by both the Trump and Biden administrations that caused the inflationary surge.
The Presidents Role
President Trump will likely use his fiscal policies to influence inflation.
This raises concerns that budget deficits will persist, which makes the Feds job controlling inflation harder.
The independent agencycontrols inflationby influencing the availability and cost of credit in the economy.
The economy seems to be just fine at the higher rates we are currently in.
Tariffs that Trump plans to implement could be inflationary, at least in the short term, Casey said.
However, currencies have already begun to fluctuate and could ease that pressure.
Also, China, for instance, has an economy that is struggling.
Should the demand for this debt falter, that will create upward pressure on interest rates, Winegarden said.
Conclusion
So, can Trump lower inflation in 2025?
The answer is it depends.
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