Part 2/5:
Many Americans voted with their wallets in this election, as consumer prices have increased over 20% since February 2020. This is an issue that the Federal Reserve typically manages, but President Trump may seek more control there. He has expressed a belief that he has a "better instinct" than the Federal Reserve. However, politicizing the central bank is generally associated with higher rates of inflation, which could ultimately hurt the US and benefit the rest of the world.