Donald Trump and uncertainty are inseparable concepts in these days. Victory of this odious Republican turned out as a real surprise for the United States, international community and even Trump himself.
Now, when even the most unbelievable forecasts came true, the world closely watches every step of the new American leader. Experts analyzed Trump’s campaign promises and all agreed that it is impossible to make any forecasts about the US economy at the moment. In a blink of an eye, Trump made one of the most influential economies in the world almost unpredictable. “I still cannot explicitly forecast what will happen in the US. The thing is, many Donald Trump’s statements are mutually exclusive. During his presidential campaign, Trump said that he plans to increase funds rate, and at the same time talked about a need to return status of the industrial and commercial superpower to the US. But, increase of key interest rates bolsters the US dollar, the strong US dollar has negative effect on the trade balance, which triggers economy to move in the opposite direction. To regain commercial and industrial potential, the US needs to lower the greenback against purchasing power”, Valentin Katasonov, a professor of international finance at MGIMO, said.
The same contradictory statements were made about the Chair of the Federal Reserve Janet Yellen. On the one hand, Trump stressed that “he has nothing against Yellen,” but later added that he would “most likely replace her” if elected. It is a very advantageous tactic of verbal interventions. It always helps to confuse the public and provides an opportunity to act as you want without breaking any promises.
