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Many in the Democratic Party have wondered if its time for Biden to drop out of the race.
The big question is who would replace him?
GOBankingRates asked a few of these economists to weigh in with predictions for inflation if Harris replaces Biden.
Heres what they foresaw as some possibilities.
Also heres an experts take on inflation if Biden wins again.
Harris has shown no interest in trade policy, he said.
Federal Reserves Role
The Federal Reserves actions will be crucial in managing inflation expectations, Warren said.
Economic Confidence
Inflation dynamics are largely influenced byconsumer and business confidence, Warren said.
The exception might be a White House influence on Fed policy.
Even if Powell resisted the pressure, a public display of such White House pressure could raise inflation expectations.
The key will be clear communications backed up with steady hands on economic policy.
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