I'm not certain inflation will rise much above interest rates. I think there will be inflation but with proportional rises in interest rates. This will mean that while prices will rise, so will returns on investments and bank accounts. If this is coupled with a rise in actual gdp of similar proportions, the effect of prices rising will be higher wages and higher returns on investment. Which will lead to more investment and more growth.

Interest rates will keep inflation from being a major issue. If there is some deregulation this should fuel all sorts of investments and if taxes are reduced, takehome pay will increase and there will then be a true market for labor. Will the market be free? No, but it might be freer. That will mean more entrepreneurship, more investmment, more need for labor. Labor can demand higher wages due to the increase in demand.

I'm not happy about trade wars but I think we'll see some growth anyways if Trump actually can do the other things.