7 November 2024
Donald Trump’s victory in the US presidential election presents significant challenges for central banks worldwide. The unexpected outcome has left monetary officials unprepared, as they couldn’t position themselves for a Republican triumph beforehand. Central banks will need to adapt quickly to the new political landscape, potentially facing pressure from Trump’s policies on tariffs, immigration, and taxes. These changes could complicate efforts to manage inflation and maintain economic stability, particularly if Trump continues his past practice of criticizing the Federal Reserve.