A coalition of 16 economists warned that Trump may 'reignite' inflation if he wins the presidential election.
A coalition of Nobel Prize-winning economists has warned about inflation if former President Donald Trump wins the presidential election.President Joe Biden and Trump are set to face off in the November election, and inflation remains a key issue in the race. Polls show the economy and inflation remain one of, if not the, most important issues facing voters.
1 percent but has since dropped significantly. In May 2024, the rate of inflation was 3.3 percent.Biden's campaign has touted the lowering of the inflation rate as a victory for his presidency but has acknowledged there is room for improvement. Many Americans continue to face economic challenges such as high interest rates and inflation that have not returned to pre-pandemic levels.
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