Trump is deporting so many immigrants that it could cause inflation to hit 4% next year, top economist says

Trump is deporting so many immigrants that it could cause inflation to hit 4% next year, top economist says

Donald Trump’s new immigration policies—including deporting, the White House claims, about 750 immigrants a day on average—are helping drive up prices, Moody’s chief economist Mark Zandi told Fortune. He says if Trump continues deporting immigrants at the current rate, inflation will go from 2.5% to somewhere close to 4% “by the time it hits its peak early next year.” Zandi says his stark prediction is based on recent inflation data. “Foreign-bo…