Photo: Donald Trump during an interview with Bloomberg News at the Economic Club of Chicago on October 15, 2024. Donald Trump during an interview with Bloomberg News at the Economic Club of Chicago on October 15, 2024.

Republican presidential candidate Donald Trump defended his plans to overhaul the U.S. economy through dramatic tariff increases and more direct consultation with the Federal Reserve, arguing that his policies would result in substantial growth despite projections that his agenda would fuel inflation and spike the national debt.

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