Trump's tariff plans could make tackling U.S. inflation harder, says ANZ chief economist

Economic Impact of U.S. Presidential Plans #

The potential influence of U.S. President-elect Donald Trump’s economic strategies is under discussion. There is particular interest in his decision to appoint Scott Bessent as the Treasury secretary, a move expected to shape economic policy. Trump’s plans hint at significant changes in fiscal policy, possibly including tax reforms and increased infrastructure spending, which could spur economic growth and influence global markets. The selection of Bessent adds a layer of intrigue as stakeholders contemplate how his financial background might guide economic initiatives.