Get ready for inflation, folks! The short version of this prognostication is that Trump’s policies will A) increase demand while supply will be more limited, especially if he deports undocumented workers, which will B) cause inflationary pressures on our economy, which C) the Fed might try to control with higher interest rates, but D) in 2018 Trump will have an opportunity to stack the leadership at the Fed with his own appointees, threatening Independence of the Fed which has been the accepted practice, but is not enshrined in law. Sorry for the long sentence! It is difficult to discuss the economy in short sentences. Unfortunately that means that a lot of people who voted Trump probably didn’t understand the implications of his policies and now we all will be hurt by their choice.