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Trump's Economic Policies May Spark Recession, Warns Expert

6/16/2025

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Summary

Story summary

Desmond Lachman cautions that President Trump’s economic policies could trigger a recession.
Trump dismisses concerns from Fed Chair Powell and CEOs regarding tariffs and tax cuts affecting inflation.
Increased tariffs and budget deficits may worsen inflation and devalue the US dollar.
Lachman foresees possible stock market declines driven by high valuations and rising Treasury rates.

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Story summary

Desmond Lachman cautions that President Trump’s economic policies could trigger a recession.
Trump dismisses concerns from Fed Chair Powell and CEOs regarding tariffs and tax cuts affecting inflation.
Increased tariffs and budget deficits may worsen inflation and devalue the US dollar.
Lachman foresees possible stock market declines driven by high valuations and rising Treasury rates.