Johnson, the Nobel prize winner at MIT, thinks Trump’s plan for tax cuts will also create inflationary pressure. Tax cuts could free up more money for consumer spending, leading to another cycle when too much money is chasing too few goods in the economy.

Opponents of offshore wind energy projects expect President-elect Donald Trump to kill an industry he has vowed to end on the first day he returns to the White House.

Questions remain over how U.S. support for Ukraine would continue under a second Trump administration as Russia continues its invasion and Republicans remain divided on future aid.