Former President Donald Trump's policies 'risk' a big mortgage rate increase, economist Lawrence Summers recently warned.Trump, the presumptive GOP presidential nominee, will likely go up against President Joe Biden, the Democratic incumbent, in November. While the two duke it out for a potential second term, Trump and his supporters have made Biden's economic policies, known as Bidenomics, a major talking point.
'These included compromising the independence of the Federal Reserve Board, enlarging the federal budget deficit by extending his 2017 tax cuts, raising tariffs, rescinding Biden policies designed to promote competition and reduce 'junk fees,' and squeezing the labor supply by restricting new immigration and deporting undocumented migrants already here,' The Atlantic wrote in an article published last Sunday.