Economists are raising alarms over President Trump’s fiscal policies and his challenges to the Federal Reserve’s independence, warning of potential risks to the United States’ safe haven status. As he eyes a second term, these actions could have far-reaching effects on Washington, business, and the global economy.

As President Trump navigates his term, skepticism mounts among allies and investors about his ability to manage the burgeoning national debt. Even Republican senators and figures like Elon Musk express concerns over potential increases in federal debt.