Trump's approach closely resembles Biden's, and both are dealing with criticism over rising inflation
- Trump's inflation policies mirror Biden's, facing criticism for downplaying price pressures while implementing measures economists say worsen costs. - Tariff hikes and deregulation drove consumer prices up to 3% by September 2024, with Trump later cutting agricultural tariffs to address grocery price spikes. - Proposed $2,000 dividend checks from tariff revenue face fiscal concerns, while deregulatory moves clash with Biden-era consumer protections. - Mixed policies include mass deportations raising labo
Trump's administration is increasingly adopting tactics similar to those used by Joe Biden to tackle inflation, with both leaders facing backlash for minimizing concerns about rising prices while enacting measures that many economists say drive up costs for everyday Americans. These similarities have attracted attention from experts, who point out that
After Trump introduced broad tariffs, consumer prices climbed from a 2.3% yearly increase in April 2024 to 3% by September, a development that
The administration's inflation response goes beyond tariffs. Trump has floated the idea of giving Americans $2,000 checks funded by tariff revenue, though economists caution that this plan is not financially viable given the size of the national debt and the fact that many tariff-related costs have already been absorbed by consumers
Trump's actions have also rolled back some consumer protections introduced under Biden. The Department of Transportation recently eliminated a rule that would have required airlines to compensate travelers for delays, a Biden-era measure that critics said would have encouraged better punctuality
Although Trump promotes his policies as drivers of job growth, opponents point to unintended side effects. For example, his large-scale deportation proposals have been associated with increased construction expenses due to a shrinking workforce in sectors that rely heavily on immigrants
The administration's inconsistent approach has drawn parallels to Biden's early days in office, when officials downplayed inflation even as prices surged. Michael Strain, who leads economic policy studies at the American Enterprise Institute, observed that both presidents have "minimized inflation as an issue" while focusing on other economic metrics
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Updates: BitMine’s Fresh Leadership Fuels Ethereum Growth, Striving to Connect Wall Street with the Crypto World
- BitMine appoints Chi Tsang as CEO amid strategic overhaul, adding 3 board members to strengthen governance. - Company boosts ETH holdings by 34% to $12.5B, aiming to control 5% of Ethereum's supply through aggressive accumulation. - Institutional Ethereum buying accelerates as exchange balances hit multi-year lows, with BitMine trailing only Bitcoin-focused rivals. - Despite 35% stock decline and 13.4% ETH price drop, $398M cash reserves signal long-term blockchain asset tokenization bets.
Democratizing Access to Private Markets: How AI and Tokenization Are Transforming Global Finance
- IPO Genie tokenizes pre-IPO assets via AI, bridging traditional finance and blockchain with $500M+ AUM. - BlackRock's BUIDL fund expands to BNB Chain, reaching $2.3B market cap as institutional confidence grows. - Tokenization reduces cross-border costs and democratizes access to $3T private markets via retail investor participation. - IPO Genie's presale sees $0.05 price projections, DAO governance, and Fireblocks/CertiK security partnerships. - Nebraska's digital asset bank charter highlights evolving
Altcoin Enthusiasm Meets Federal Reserve Prudence: DeFi Faces a Critical Turning Point
- Crypto market shows Altcoin Season optimism with DeFi growth, high-yield products like CoinW's 50% APY offering, and rising altcoin valuations. - Ethereum-based DeFi project secures $18.7M in presale, nearing 18,000 token holders, with 250% MUTM token price surge signaling confidence. - Fed's potential 2025 rate cut pause and inflation risks could disrupt altcoin momentum, per J.P. Morgan analysts, amid 58% priced-in December cut probability. - UK cashback program integrating crypto rewards highlights ma
EU Crypto Regulations Struggle to Balance Centralized Oversight with Regional Knowledge
- EU Commission proposes centralizing crypto oversight under ESMA, replacing MiCA's national regulator model and sparking industry concerns over legal uncertainty and implementation delays. - Critics warn centralized control risks destabilizing MiCA's 2026 rollout, with national regulators arguing they maintain closer firm engagement and ESMA requiring significant resource boosts. - France and ESMA Chair Verena Ross support centralization for regulatory consistency, but timing concerns persist as national
Trending news
MoreCrypto prices
More
