Donald Trump has pledged that if re-elected, he will eliminate inflation entirely, aiming to resonate with Americans frustrated by recent years of rising prices.
Most mainstream economists contend that Trump's proposals would exacerbate inflation rather than alleviate it, predicting adverse effects on consumer prices if implemented.
Sixteen Nobel Prize-winning economists expressed their concern in June, warning that Trump's economic strategies could reignite inflation that had been declining towards the Federal Reserve's target.
The Peterson Institute's analysis forecasts that Trump's policies could push inflation to 6% or higher by 2026, despite a projected 1.9% without these measures.
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