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Monday, October 14, 2024
Former President Donald Trump's plans to pump up American manufacturing and cut taxes would result in higher inflation, fewer factory jobs and a bigger budget deficit, according to a survey of prominent economists. Of 50 economists in a Wall Street Journal survey, 68% said Trump's policies would mean inflation would likely be higher, while only 12% said that about Vice President Kamala Harris' proposals. 61% of the economists polled said interest rates would also move higher under Trump. |
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