Can Trump lower inflation and mortgage rates through executive orders?

The video discusses the economic concerns of voters in the 2024 election, focusing on inflation and high prices. It examines Trump's limited power to control inflation, the role of the Federal Reserve, and the potential impact of his proposed policies, including mass deportations, tax cuts, and tariffs. These policies could lead to higher costs and economic consequences, such as labor shortages and increased prices. The video concludes by highlighting the limitations of presidential power and the potential unintended consequences of Trump's economic strategies.

What is the primary tool for moderating inflation in the United States?

• Presidential executive orders

• Congressional legislation

• State-level economic policies

• Monetary policy set by the Federal Reserve

Who appoints the chair of the Federal Reserve?

• The House of Representatives

• The Senate

• The President

• The Supreme Court

What is one reason Trump has been critical of Jerome Powell?

• Powell's influence on Congress

• Powell's independent decision-making

• Powell's support for higher taxes

• Powell's immigration policies

How might Trump's mass deportation plan affect the labor market?

• Reduce prices on housing and groceries

• Worsen labor shortages in certain industries

• Decrease wages in agriculture

• Increase the number of available workers

What could be a consequence of extending Trump's 2017 tax cuts?

• Increase in the budget deficit

• Higher investor confidence

• Increase in government revenue

• Decrease in the budget deficit

What is a potential effect of imposing tariffs on goods from Canada, Mexico, and China?

• Increase in domestic manufacturing costs

• Decrease in consumer prices

• Reduction in government revenue

• Strengthening of global trade relations

What is one argument Trump uses to justify tariffs?

• To decrease government revenue

• To reduce domestic manufacturing

• To strengthen the US position in global trade

• To lower consumer prices