# Post-election fighting risks U.S. economy

> Martin Wolf warns U.S. economic risks after Democrats gain Congress control.
- Title: Post-election fighting risks U.S. economy · valorinternational
- Summary: Martin Wolf warns U.S. economic risks after Democrats gain Congress control. Martin Wolf says U.S.
- Keywords: u.s. midterm elections, democratic party, congress, impeachment, interest rates, inflation, fiscal policy, federal reserve, kevin warsh, trump administration, lula, brazil
- Source: valorinternational — https://valorinternational.globo.com/politics/news/2026/11/06/post-election-fighting-will-be-new-risk-for-us-economy-martin-wolf-says.ghtml
- Published: 2026-11-06T13:56:45.085+00:00
- Read time: 1 min
- Topics: u.s. midterm elections, democratic party, congress, impeachment, interest rates, inflation, fiscal policy, federal reserve, kevin warsh, trump administration, lula, brazil
## Martin Wolf's background
Martin Wolf is a prominent economic analyst known for his Financial Times columns and books.
## U.S. midterm election results
Democrats won majorities in both the House of Representatives and the Senate.
## Wolf's economic concerns
Wolf expects U.S. to enter turbulent period with investigations, impeachments, and budget conflicts.
## Monetary policy outlook
Federal Reserve Chairman Kevin Warsh will tighten monetary policy further.

> I think it’s plausible, therefore, that monetary policy will tighten some more
## Investigations and impeachments
Democrats will investigate Trump's allies and potentially impeach them.
## Budget conflicts
Trump faces budget conflicts with Congress over fiscal policy.
## Economic risks
Interest rates, inflation, dollar, and fiscal policy face tail risks.
## Lula's election
Lula's third term faces challenges but Wolf expresses satisfaction with Brazil's election outcome.

> I think this recent term of Mr. Lula, for whom I had great respect 20 years ago, has been rather disappointing
## Brazil's political shift
Bolsonaro's family not returning to power after election.

> I am very pleased that the Bolsonaro family isn’t coming back, because they seem to me like really bad people
## Wolf's political outlook
Anti-multilateralism and anti-immigration agendas may weaken in U.S. and globally.
## Global implications
Wolf sees potential for democratic opposition movements worldwide.
## Wolf's stance on corruption
Wolf emphasizes damage to American institutions and reputation.
## Economic consequences
U.S. economic risks could affect global markets and debt levels.
## What happens next
Democrats may push for investigations and impeachments, leading to economic instability.
## Key takeaway

Martin Wolf says U.S. faces interest rate, inflation, and fiscal policy risks as Democrats push investigations and impeachments after midterm election wins.