President-elect Donald Trump vowed on the campaign trail to lower inflation. About half of Trump voters said higher prices were the largest factor in their decision, according to AP VoteCast. But the Federal Reserve is independent and uses interest rates to encourage or discourage borrowing money, which leads to more or less spending. So how much control does the president actually have over inflation?
WSJ asked a former Federal Reserve vice chair to break down the inflation-fighting tools Trump will have at his disposal.
Chapters:
0:00 Trump wants to lower inflation
0:31 What can affect inflation
2:35 What a president can do about inflation
3:25 Where Trump stands
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