The post Trump’s economic policies put $5,000 DOGE dividend checks on hold appeared on BitcoinEthereumNews.com.

The $5,000 DOGE dividend checks sit in limbo as stock markets quiver and inflation fears grow. Meanwhile, US President Donald Trump’s sweeping tariff plans and revived pleas for the Federal Reserve to reduce interest rates complicate the economic landscape.  Despite growing anticipation, taxpayers remain in the dark about the direct payment stimulus checks. Trump has maintained that the economic toll from tariffs is a necessary “detox” for the US economy. Yet his administration’s hesitance to issue direct payments — despite its initial backing of the Department of Government Efficiency (DOGE) — points to a move away from immediate financial relief toward more systemic economic restructuring. As Elon Musk’s so-called Department of Government Efficiency (DOGE) continues its effort to gut the government, the idea has been floated that savings could end up in checks mailed to taxpayers.  Trump had embraced the notion before, describing it as a “20% dividend” from less waste and inefficiency. Analysts had estimated that the amount to each taxpaying household could approach $5,000, but economic turmoil has placed the proposal on the back burner. “If you can save the government $2 trillion, that’s $5,000 per household. Even if we save only half that, it’s still $2,500,” James Fishback, the CEO of an investment firm, said in an interview. “That’s real money.” However, leading economists caution that flooding the economy with large sums could stoke inflation rather than ease financial hardship. America finds it difficult to walk a thin line between headline inflation and stimulus MDRN Capital CEO Aaron Cirksena warned that stimulus checks threaten to ignite the already blistering-hot economy. Cirksena cautioned that putting $5,000 into the economy per household sounds nice but can be inflationary. He estimated that spending would create demand and inflation, and saving or investing would push it out but leave a hole in the future. Another Trump aide, Kevin…

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Filed under: News - @ March 22, 2025 11:23 pm