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MNI PODCAST: FedSpeak-Gagnon Sees Trump Inflation Rebound

MNI speaks with former senior Fed board staffer.
USCentral Bank NewsFederal ReserveGlobalStoryRegionNorth America

EXECUTIVE SUMMARY

  • President-elect Donald Trump is likely to implement tariffs and immigration restrictions that will prove inflationary, says former Fed board economist Joseph Gagnon.
  • That means the Fed could have to pause rate hikes by early next year, although the central bank won’t react until policies have started to have an effect on the data – probably not until at least March.
  • The Fed is likely to cut rates by another quarter point in December, says Gagnon. 

Listen to the full podcast here.

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EXECUTIVE SUMMARY

  • President-elect Donald Trump is likely to implement tariffs and immigration restrictions that will prove inflationary, says former Fed board economist Joseph Gagnon.
  • That means the Fed could have to pause rate hikes by early next year, although the central bank won’t react until policies have started to have an effect on the data – probably not until at least March.
  • The Fed is likely to cut rates by another quarter point in December, says Gagnon. 

Listen to the full podcast here.