NEW YORK, July 12 (Xinhua) -- Most economists believe that inflation, deficits and interest rates would be higher during a second Donald Trump administration than if Joe Biden remains in the White House, according to a Wall Street Journal survey.
The Journal's survey received responses from 68 professional forecasters from business, Wall Street and academia. Of the 50 who answered questions about Trump and Biden, 56 percent said inflation would be higher under another Trump term than a Biden term, versus 16 percent who said the opposite.
"I think there is a real risk that inflation will re-accelerate under a Trump presidency," Bernard Baumohl, chief global economist at the Economic Outlook Group, was quoted as saying.
That would likely lead the Federal Reserve to set interest rates higher than if inflation continues its downward trajectory, Baumohl said.
"Economists' views of inflation and interest rates appear mostly driven by Trump's policy preferences, in particular on trade and immigration," said the report. ■
