Trump's $2K Check Plan: Pros, Cons, and Reality

Former President Donald Trump proposed sending $2,000 checks to most Americans, funded by tariffs. This idea, reminiscent of pandemic relief payments, has raised concerns. While it could provide a short-term boost, it might lead to long-term inflation due to increased demand and higher prices. The Federal Reserves efforts to manage interest rates could be complicated, potentially making loans and mortgages more expensive. Given these potential economic impacts and funding complexities, its unlikely that such a large-scale payout will happen soon.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.