"Federal Reserve mouthpiece": The US may face new inflation risks after the election

Nick Timiraos, the "Federal Reserve mouthpiece," wrote that the Fed's two-and-a-half-year fight to reduce inflation appears to have been successful, but the U.S. election could change that. Both candidates support policies that promote economic growth that could prevent inflation from falling further. However, economists and even conservative advisers worry that the views supported by Trump are particularly likely to fan the flames of inflation. These include his proposals to impose sweeping tariffs on imported goods, expel workers, and rely on the Federal Reserve to lower interest rates. Taken together, these policies are moving in the direction of inflation. Trump's proposal could put him in a new battle with the Federal Reserve, whose mission is to keep inflation low. Any factors that reignite inflation could cause officials to slow or even stop their plans to cut interest rates. (Jinshi)