Over the past several days, both Vice President Kamala Harris and former President Donald Trump spoke about their US economic policies at their respective campaign events. The Harris campaign is expected to shed more light on its economic policy agenda at this week's Democratic National Convention (DNC) in Chicago.

Goldman Sachs chief economist Jan Hatzius joins Catalysts to break down each candidate's economic policies and how they could be expected to impact the US economy should either win.

"If President Trump wins again, I think... there's going to be an increase in tariffs probably in a second Trump administration. We have looked at this, obviously, the impact on inflation and growth is going to depend on how much of his plans would actually be realized, but it would probably increase inflation," says Hatzius.

For Harris, Hatzius claims: "I think very likely we would see an increase in taxes, especially at the higher end of the income spectrum. So the top marginal income tax rate would undoubtedly rise back to the 39.6% that we were at until 2017. There are some additional sizable tax hikes in the program. And so I think those are important fiscal effects that would have an impact."

Hatzius characterized Harris's policies as a "continuation, for the most part," of President Biden's own economic agenda.

Catch Yahoo Finance's full interview with Goldman Sachs chief economist Jan Hatzius.

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This post was written by Nicholas Jacobino