Tariff fixation and reckless policy raise inflation and interest, Phil Magness argues

Tariff fixation and reckless policy raise inflation and interest, Phil Magness argues
Tariffs and policy pressures lift inflation

Phil Magness criticizes recent economic policy choices, blaming a fixation on tariffs, a lack of concern for public finances that has widened the deficit, and risky military actions for tightening global energy supplies.

According to Magness, these factors are causing inflation and interest rates to rise.

Magness has previously highlighted concerns among Republican voters about proposals to weaken the dollar and change its reserve currency status in a recent article. He has also pointed to the continued growth of U.S. entitlement programs as the national debt reached $40 trillion, according to his analysis. The economist continues to warn about fiscal and monetary risks in his commentary.

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