What could a second Trump term bring in the US?

As the countdown to the US presidential election on November 5 continues, there is discussion about what a new Trump era could bring after incumbent President Joe Biden’s “disastrous” debate performance and the assassination attempt on Republican Party candidate Donald Trump. From Goldman Sachs to Morgan Stanley, many Wall Street investment banks have begun warning their clients to expect higher inflation as the likelihood of Trump returning to the White House and implementing protectionist trade policies increases. Trump, however, said in an interview with Bloomberg Newsweek that these concerns are unfounded. Stating that “Trumponomics” means “low interest rates and taxes,” Trump said that if he wins the presidential election, he could allow Fed Chair Jerome Powell to complete his term until May 2026. Trump expressed his view that the Fed should not lower interest rates before the election in November and also expressed his desire to lower the corporate tax rate to 15 percent. The former US President, who noted that he was no longer considering banning TikTok, added that he could consider appointing JPMorgan CEO Jamie Dimon as Treasury Secretary. Meanwhile, according to sources familiar with the matter, security around Trump was increased after the US Secret Service received intelligence that Iran was planning to assassinate Trump in recent weeks. The sources stated that this threat was separate from the attack over the weekend.