Finance

I’m a Finance Expert: Here’s How Long It Will Take To Recover From Inflation If Trump Wins

Published

1 year ago

September 15, 2024

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I’m a Finance Expert: Here’s How Long It Will Take To Recover From Inflation If Trump Wins

Zuma / SplashNews.com / Zuma / SplashNews.com

Steep inflation has haunted Americans as our number one bogeyman over the last two and a half years.

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“We’ve experienced high inflation over the last three years because of how much money we flooded into our financial system as a response to the COVID-19 pandemic,” explains CFP and MBA Scott Sturgeon of Oread Wealth. “These include stimulus checks, PPP loans, quantitative easing and other pandemic-era policies that lingered too long. The more dollars there are pursuing the same goods and services, the more those goods and services will increase in price as a response.”

Trump’s proposed policies prove a mixed bag for their impact on inflation. Some would likely reduce it, while others would exacerbate it. Consider the push and pull of each as you prognosticate future inflation rates.

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Deflationary Policies Under Trump

Sara Routhier, finance expert with FreeAdvice.com, sees a slow road ahead. “If Trump wins, it will most likely take two to three years to recover from the inflation we have seen over the last few years. If Harris wins the election, there is a good chance that inflation will continue to rise.”

Learn More: Trump Wants To Eliminate Income Taxes: How Would That Impact You If You Are Retired?

So which of Trump’s policies will help reduce inflation?

Slower Immigration

“Trump’s tighter immigration policies should help reduce inflation,” observes Routhier. “The government would spend less on undocumented immigrants’ housing, medical expenses, and other assimilation costs.”

Reduced government spending isn’t the only reason why slower immigration would also slow inflation. Immigration fuels population growth, which in turn fuels economic growth through higher demand for goods and services. Inflation goes hand in hand with hot economic growth, so reducing population growth and consumer demand should tamp down on inflation.

Greater Domestic Energy Production

At rally after rally, Trump has promised to “drill baby drill” to increase domestic oil and gas production. Greater energy supply drives down energy prices, helping to reduce inflation.

Melanie Musson, a finance expert with Clearsurance.com, points to lower US energy prices and fewer foreign imports. “If Trump is elected again, you can expect a shift away from foreign dependence, similar to his first presidency.”

Reduced Federal Spending (Maybe)

More government spending means more money flooding into the economy. Read: inflation.

Historically, Republican candidates have proposed slimmer government spending, which can help cut inflation. That said, Donald Trump is by no means a classical conservative.

Trump’s first administration continued to spend more each year, outspending the Obama Administration in every year per The American Presidency Project.

You could make a case that a second Trump Administration would increase federal spending at a slower pace than a Harris Administration. But that argument rests on the “lesser of two evils” for exacerbating inflation, as opposed to a policy solution.

Trump Policies that Would Increase Inflation

Many of Trump’s policy proposals would increase inflation rather than continue taming it.

Pressuring Lower Interest Rates

Despite appointing Jerome Powell as the chair of the Federal Reserve, Donald Trump has been his fiercest critic. He told Fox Business earlier this year that he wouldn’t reappoint Powell, and accused him of being “political.”

In fact, Trump has gone so far as claiming the power to fire a sitting Fed chair, as reported by The Hill. He has repeatedly campaigned this year on lowering interest rates — which of course fuels inflation.

“Higher interest rates have helped cool inflation by cooling down an overheated economy,” explains Sturgeon. And racing to slash interest rates too quickly can drive inflation rates right back up again.

Tariffs

It doesn’t take an economist to see that adding new taxes on imports makes those imported goods more expensive. Retailers don’t just eat those higher costs — they pass them on to consumers. “Broad tariffs typically raise prices for everyday goods,” explains Paul Tyler from annuity provider Zinnia.

Trump initially called for a 10% blanket tariff on all imports, which he has more recently raised to 20% as reported by CNBC. On Chinese imports, that rate would jump to 60%.

That spells inflation on imports, for everyday consumers.

Tax Cuts

Tax cuts stimulate the economy by leaving consumers and companies more money to spend, grow, and hire.

To juice the economy, Trump has proposed extending the provisions from the Tax Cuts and Jobs Act of 2017 indefinitely, and reducing the corporate tax rate from 21% to 15% (see this analysis by the Tax Foundation).

Sometimes the economy does need stimulating. But when the economy is overstimulated — like it’s been for the last three years — that stimulus leads to inflation.

Reduced Federal Regulation

Government regulation works like a throttle on the economy. When the government tightens regulation, it squeezes the flow of goods and services, while loosening regulation increases the flow.

Like reducing taxes, reducing regulation stimulates the economy, which is in turn inflationary.

Dana Miranda, Certified Educator in Personal Finance and author at Healthy Rich, sees regulation as a check on retailers raising prices. “Corporate price gouging can be a major factor in inflation, and it can be addressed with regulation by federal agencies. Harris has proposed regulatory and tax increases on corporations. Trump’s policies favor corporations and likely wouldn’t wrangle inflation any better than it is now.”

Final Thoughts

Each candidates’ policies would have a mixed effect on inflation. Don’t expect either candidate to wave a magic wand and make inflation disappear.

Instead, expect a slow march back to 2% inflation — or a fast drop if the economy falls into recession.

Editor’s note on election coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.

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This article originally appeared on GOBankingRates.com: I’m a Finance Expert: Here’s How Long It Will Take To Recover From Inflation If Trump Wins

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Finance

One.funding and MV Commercial launch MV Asset Finance

Published

59 minutes ago

December 19, 2025

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One.funding and MV Commercial launch MV Asset Finance

Representatives from One.funding worked closely with MV Commercial’s team. Credit: M Isolation photo / Shutterstock.com.

One.funding has partnered with UK-based MV Commercial to introduce MV Asset Finance, which offers an alternative method for MV Commercial’s customers to secure finance, according to a LinkedIn post.

In developing MV Asset Finance, representatives from One.funding worked closely with MV Commercial’s team to better understand business priorities and the requirements of their customer base.

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According to the post, the service aims to remove friction, ensure complete transparency, and enable a seamless process from initial engagement to completion by integrating support within MV Commercial’s operations and presenting it under their brand.

MV Commercial supplies fleet solutions for vehicles within the UK.

The company’s offerings include trucks, trailers, and light commercial vehicles that are available for sale, rental, or contract hire.

Its current rental and Ready to Go fleets consist of 2,000 specialist trucks, vans, and trailers across various depots in Airdrie, Grantham, Livingston, Oxford, Haydock, and London Luton.

One.funding CEO Lee Schofield said: “At One.funding, we’ve 20 years of experience in building point-of-sale finance that fits naturally into how businesses sell. MV Asset Finance shows what’s possible when that experience is embedded into the MV Commercial journey, making it easier for their customers to keep moving and keep growing.”

A recent example involved AMK Plant & Tipper Hire, which added a DAF FAD XD450 Construction eight-by-four tipper truck to its fleet, the company’s first DAF tipper purchase.

The transaction was finalised in three weeks; MV Commercial supplied the vehicle while financing was arranged through the newly launched MV Asset Finance framework.

Finance

RFSD board approves financial assurances, reviews annual audit

Published

13 hours ago

December 18, 2025

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RFSD board approves financial assurances, reviews annual audit

The Roaring Fork School District Board of Education approved its annual financial accreditation assurances and reviewed the district’s 2024-25 audited financial statements during its meeting on Wednesday, according to a district news release.

The audit, presented by McMahan and Associates, found the district’s overall financial position to be stable and identified areas for continued improvement in internal controls and financial processes. The district’s General Fund balance remains above minimum levels required by board policy.

Chief Financial Officer Christy Chicoine said the audit reflects progress following prior concerns identified in earlier reviews.

“We have made significant improvements compared to the prior year’s audit as a Finance Department, and I am grateful for the finance team’s commitment towards those improvements as demonstrated in this audit,” Chicoine said. “While we still have work to do to continue to sustain and enhance the district’s fiscal management, the audit report indicates we are clearly headed in the right direction.”

Superintendent Anna Cole said the findings validate work undertaken over the past two years to rebuild internal systems and improve transparency.

“Over the past two years, our teams have worked diligently and transparently to rebuild internal financial systems that left the district at risk,” Cole said. “The outcomes of this audit are evidence that we are on track.”

Cole said the timing of the audit is significant as the district begins developing its budget for the 2026-27 school year and faces mounting external pressures.

“We couldn’t have stabilized internal systems at a better time,” she said. “As we begin the budgeting process for the 26/27 school year, we face external challenges like declining enrollment, instability of state and federal funding, and a rising cost of living that is outpacing staff and teacher salaries. This audit is an important confirmation that our finances are in order as we prepare to navigate oncoming challenges.”

Board President Lindsay DeFrates said the board is better positioned to plan ahead following the audit’s conclusions.

“We are grateful for the leadership of Chief Chicoine and the hard work of the district finance and human resources teams,” DeFrates said. “We are now in a much better place financially and will move forward with clarity, transparency and accountability, able to better navigate the challenges to come.”

Finance

UK’s Former Finance Minister George Osborne Joins Coinbase – Coinspeaker

Published

1 day ago

December 18, 2025

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UK’s Former Finance Minister George Osborne Joins Coinbase – Coinspeaker

Key Notes

Former UK finance minister George Osborne is joining Coinbase’s Global Advisory Council.
Osborne will focus on crypto regulation, stablecoins, and tokenized assets across the UK and EU.
The exchange is also expanding beyond crypto trading as it steps into 2026.

Coinbase has appointed former UK finance minister George Osborne as chair of its Global Advisory Council. It is clear that the American crypto exchange wants to deepen its influence with governments outside the United States.

Earlier this week, Coinbase tested the waters in India as its deal to acquire a minority stake in local crypto trading platform CoinDCX was approved by the Competition Commission of India.

https://twitter.com/CCI_India/status/2000905244080034292

Coinbase Expands Policy Reach Beyond the US

Coinbase confirmed that Osborne will take a more active role in advising on government engagement worldwide, with a focus on Britain and the European Union.

Osborne, who first joined Coinbase as an adviser in January 2024, will be based in London. He will work closely with policymakers on issues related to crypto regulation, stablecoins, and tokenized assets.

Coinbase’s chief policy officer Faryar Shirzad said the crypto exchange has already become a powerful lobbying force outside the US. In the UK, the company is pushing for clearer rules on tax treatment, stablecoin payments, and the use of tokenized assets in capital markets.

Osborne’s Background

Osborne served as the UK’s finance minister from 2010 until 2016, stepping down after the Brexit referendum. Since leaving politics, he has built a broad private-sector portfolio.

He currently chairs the British Museum, is a partner at investment bank Robey Warshaw, and leads Lingotto Investment Management.

Just days before the Coinbase announcement, OpenAI named Osborne to support its overseas data centre expansion under its global infrastructure program. His appointment to Coinbase adds crypto and blockchain policy to an already wide-ranging list of responsibilities.

Expansion Across Crypto

According to an earlier report, at its recent System Update event, Coinbase revealed plans to expand into stock trading, prediction markets, custom stablecoins, tokenization platforms, and AI-powered investment advisers.

Coinbase has already launched stock trading and prediction markets on its platform and now rivals firms such as Robinhood and eToro. The exchange has also partnered with Kalshi to offer markets tied to real-world events such as sports, elections, and economic data.

The exchange’s long-term goal is to become an all-in-one financial platform that operates around the clock.

Meanwhile, Deutsche Bank recently initiated coverage with a buy rating, according to CNBC. Analysts expect the company’s broader new everything-in-one strategy to reduce its dependence on crypto trading volumes as it scales into 2026.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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