TechFlow news, November 20 — According to Jinshi News, Bob Prince, Chief Investment Officer of Bridgewater Associates, said at the third annual Global Financial Leaders Investment Summit held in Hong Kong on Wednesday that President-elect Trump's policies on tariffs, fiscal stimulus, and immigration could make it difficult for the U.S. to achieve its 2% inflation target. If inflation remains close to 3% in about a year and a half, Trump may prefer to nominate a Federal Reserve chair who is willing to accept a higher inflation target, which would allow him to cut interest rates. He added, "People are hoping for rate cuts. But if inflation remains unchanged, then rate cuts might not be possible. I think the situation 18 months from now will be interesting, when Chair Powell’s term ends."
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