President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.

Economists are starting to model the effects of President-elect Donald Trump’s plans to raise tariffs, cut taxes and restrict immigration. The upshot: Inflation and interest rates are likely to be higher for at least the next two years than forecasters anticipated before the election.

One of President-elect Donald Trump‘s first acts as president will be to sign a memorandum about bringing down inflation. Incoming White House officials said the presidential memorandum would outline an all-of-government approach to bringing down prices for consumers,