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However, the types of policies pursued can impact inflation over time.
Which Presidential Candidates Policies Could Most Benefit the Economy?
These are the overall results.
Inflation: 49.20%
Inflation is by far the No.
1 concern many Americans face this year.
This might not come as a surprise considering how much inflation affects the cost of living.
The Federal Reserves target inflation rate is 2%, as this can lead to price stability.
While the president doesnt control inflation, they can have an impact on it.
Restrictive trade policiesmay also lead to higher consumer prices.
Both of these programs are facing a funding deficit in the next decade.
The presidents budget is also designed to extend and strengthen Medicare.
According to the St. Louis Federal Reserve, government spending has minimal to no impact on inflation.
Next up is healthcare costs.
These have risen significantly over the years.
During that period, inflation rose by 86.1%.
As for unemployment, when inflation levels rise, unemployment levels typically drop.
The inverse is also true higher unemployment comes about during times of lower inflation.
Right now, thenational unemployment rateis 4.3% as per BLS data.
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