President-elect Donald Trump has created a headache for the Federal Reserve before he's even stepped into office. Inflation, part of the Fed's dual mandate of maintaining price stability with maximum employment,

Donald Trump will enter office with big plans to make his 2017 tax cuts permanent, solve a generational migration crisis, beef up the U.S. military to face down a rising China and to remake world trade through tariffs and combative negotiation.

Consumer prices rose 2.9% in December from a year earlier, marking the third consecutive monthly uptick in annual inflation.

Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.

Donald Trump's economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect returns to the White House.

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.

Trump’s economic policies—such as tax cuts, deregulation, and restrictions on immigration—could drive inflation higher in the short term.

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

Analysts say the Donald Trump inauguration is already priced into crypto markets and it matters more which campaign promises he enacts.