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(Bloomberg) — Speaker after speaker at the Republican National Convention this week has laid the blame for high inflation with the Biden administration.Most Read from BloombergVirginia Governor Glenn Youngkin denounced “the silent thief of inflation unleashed by Joe Biden and Kamala Harris.” Florida Senator Rick Scott highlighted that under Donald Trump “inflation and mortgage rates were low.” But now, South Carolina Senator Tim Scott said, “inflation is crushing families.”“End inflation, and make America affordable again,” the Republicans declared in their official campaign platform.The irony is, Trump’s platform — including tax cuts, tariff increases and a crackdown on immigration — would, in the view of many economists and investors, stoke price pressures. As the Federal Reserve prepares to start monetary easing, the potential shift in an array of policies looms as a risk for sustained interest-rate cuts in 2025.“On thei …
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