On April 2nd, declared as “Liberation Day” for U.S. trade policy, President Trump announced the highly anticipated new tariff plan. Since its unveiling, market volatility has spiked and concerns over global growth and inflation have renewed.
Transitory Stagflation!
Providing his new forecast for the next chapter of the U.S. economy, our Chief Economist, Daniel E. Laufenberg, Ph.D., details what lies ahead for monetary and fiscal policy in 2025.