Investing.com — The newly inaugurated US President Donald Trump has made clear his intent to implement significant changes including lowering global oil prices, taxes, and interest rates. However, Nigel Green, CEO of deVere Group, one of the world’s largest financial advisory organizations, has expressed concerns that these plans could instead ignite inflation in the US rather than suppress it.
Green stated that Trump’s administration’s ambitious fiscal stimulus agenda, tax cuts, and aggressive tariff regime are leading to expectations of higher inflation. He suggested that these policies, aimed at providing a short-term boost to the economy, could potentially undermine long-term financial stability.
The proposed tax cuts by Trump are anticipated to significantly decrease federal revenue. Concurrently, plans for extensive infrastructure spending and increased defense budgets could inflate the national deficit. Historically, such…
