The Journal. Harris, Trump and the Inflation Election
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Nov 4, 2024 
Nick Timiraos, Chief Economics Correspondent for the Wall Street Journal, provides sharp insights on the inflation battle as election day looms. He breaks down the contrasting strategies of Vice President Kamala Harris and former President Donald Trump regarding rising costs. Timiraos critiques Trump’s renewed trade policies and their inflationary impacts while exploring Harris's regulatory approaches. The conversation highlights how these economic plans could shape voter sentiments and the everyday financial realities for Americans.
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Tariff Risk
- Trump's proposed tariffs differ from his first term due to the current economic climate.
- Businesses are now more willing to raise prices, making tariffs riskier.
Tariff Scope
- Trump's proposed tariffs are broader than his first term, targeting all foreign products.
- This could increase consumer prices and trigger a trade war with retaliatory tariffs.
Federal Reserve Control
- Trump wants more control over the Federal Reserve to potentially lower interest rates.
- Lower rates can stimulate spending but also risk higher inflation.