Published on 26 Nov 2024 on Benzinga
...Predicts Fed Will Bring Prices Below 2% In 2025 - Invesco QQQ Trust, Series 1...
Contrary to growing concerns about potential inflationary pressures under President-elect Donald Trump‘s administration, top economist Steve Hanke dismisses fears of a significant price surge, citing monetary policy and money supply as critical factors.
What Happened: In a recent interview with CNBC, Hanke argued that the inflation trajectory depends more on Federal Reserve actions than proposed economic policies. “All this talk about Trump’s policies causing inflation to kick up again is just nonsense,” Hanke stated.