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U.S. Risks Turkey-Type Descent Into Hyperinflation if Trump (Like Erdogan) Takes Control of Rates, Nobel Economist Krugman Warns

April 22, 2025

The US is risking a dark descent into hyperinflation of the type experienced by Turkey due to Donald Trump’s insistence on bringing in lower policy rates, Paul Krugman, the 2008 winner of the Nobel economic sciences prize, wrote on April 18 in his blog.

Lately, President Trump has been increasing the pressure on Fed governor Jerome Powell to cut the US policy rates.

Since November, when Trump won his second term in the White House, bne IntelliNews has been cautioning that Trump will “definitely be inflationary”.

“He will push the Fed to cut rates more extensively and pump in more liquidity,” this publication noted on November 10.

Continue Reading at IntelliNews.com…

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