Praise for newly re-elected US President Donald Trump is pouring in from all corners. JPMorgan predicts two years of success under his administration. Currency strategists at the largest US bank suggest this could be the case if Trump implements reforms in key areas of the US economy. 

JPMorgan stresses that the first two years of Trump's presidency could be "quite impactful." According to Stefan Gratzer, managing director at JP Morgan Private Bank, this scenario is likely if the newly elected president pushes through cryptocurrency, tax, and deregulation reforms.

The expert believes that one of the most important economic decisions in the United States could be a flurry of tax cuts. "If you buy a share of the company, you’re obviously buying their earnings in the future minus the tax. If the tax is lower, your share price is higher," he explained, using the example of buying stocks.

Gratzer assumes that US authorities are likely to align with Trump’s policies over the next two years, especially as the Republican Party has regained control of the US Senate. This situation could last until 2026 when the next mid-term congressional elections are scheduled to take place.

As previously reported, Trump's preparations for his second term have been thorough. The White House is now discussing future plans with his administration. Trump believes that his election victory gives him the mandate to implement his own agenda.

By the way, the Wall Street Journal reported in late October, citing the latest economic research, that US inflation could spike after the presidential election.