President Trump told a gathering of supporters at the Capitol that the immigration issue was bigger than inflation in his November victory. “They all said inflation was the No. 1 issue. I said I disagree,

“Today, I will sign a series of historic executive orders. With these actions, we will begin the complete restoration of America, and the revolution of common sense,” said Trump, who has become only the second U.S. president to serve nonconsecutive terms, after Grover Cleveland in the late 1800s.

The biggest threat to the world economy in the next year is the prospect that inflation turns out to be persistent, former Swiss central bank chief Philipp Hildebrand said.

BlackRock Vice Chairman Philipp Hildebrand discusses the "transformational forces" driving policy and the global economy in 2025. He says the biggest risk is that "inflation is not just sticky, but continues to be stubbornly sticky.

Inflation remains a significant threat to the global economy as experts, including former Swiss central bank chief Philipp Hildebrand, warn of its persistence due to factors like aging societies and geopolitical fragmentation.