BlockBeats News, on November 21st, Olivier Blanchard, former Chief Economist of the International Monetary Fund, said on Wednesday that the Trump administration's economic policies could lead to an overheating economy and higher inflation, which will result in the Federal Reserve raising the interest rate. Blanchard stated that the three pillars of Trump's economic plan will all lead to higher inflation. Imposing tariffs on imported goods will cause the economy to pump and prices to rise. Expelling illegal immigrants will lead to labor shortages and wage pumps, while tax cuts will also cause the economy to overheat. 'We don't know how severe the inflation will be, but it is the duty of the Federal Reserve to prevent this from happening. This will lead to a rise in interest rates and a stronger dollar, which is not what Trump wants.' (Jinshi)