A Trump Win Could Bring Back US Inflation, Allianz’s Subran Says

US inflation could return with a vengeance if Donald Trump wins the presidential election, stopping monetary easing in its tracks, according to Allianz Chief Economist Ludovic Subran.

Speaking on Bloomberg Television, he said that doubts in financial markets over the path of the Federal Reserve’s policy reflect suspense over the “flip of a coin” outcome awaited in the November ballot.

“Were Trump to be elected, there is a risk of inflation picking up again very strongly in 2025 in the US,” Subran said. “He’s very inflationary — and so I think that would cause the Fed to stop” ...