Reuters
The Federal Reserve’s battle to get inflation under control likely faces fresh challenges should Donald Trump regain the White House, a dynamic that could put the U.S. central bank back in the former Republican president's crosshairs. A wide range of economists see Trump's tariff agenda, coupled with aims to deport millions of undocumented workers and the likelihood of expanded deficits, reigniting price pressures that are now easing and likely driving the Fed to react with more restrictive monetary policy than is now penciled in. Forecasters predict Trump's plan to impose 10%-across-the-board tariffs on imported goods - and even higher rates on Chinese products - would generate a one-time surge in inflation, while deportations would drive up wages for remaining workers, adding to the pressure.