Janet Yellen: Inflation Something and Mr Trump

janet yellen: If there is one key global economic takeaway from Mr Trump election it is the prospect of increased inflation something central banks around the world have been desperately trying to manufacture since the global financial crisis, according to Australian Broadcasting Corporation. Yet markets, and many economists, appear convinced that Mr Trump can do what Janet Yellen and her predecessor as Fed chair, Ben Bernanke, could not. AP Mary Altaffer Map United States For those who think governments dont matter much anymore in free market economies, the election of Donald Trump and a Republican Congress highlights how influential policy can be. That is, to stoke price growth to the 2 per cent target. First, Mr Trump wants to cut taxes, both income and corporate, with the aim of reducing the nation 35 per cent company tax rate to 15 per cent, although most expect the price tag of this move to prove too costly to the US budget. There are three main reasons why analysts think inflation will go up under Mr Trump presidency. (news.financializer.com). As reported in the news.