Free Trial

The Trump Economy: A Chaotic, Contradictory......>

US
US: The Trump Economy: A Chaotic, Contradictory Response to a Slowdown
(Washington Post)
- Administration officials have scrambled this week to assemble a menu of
actions Trump could take to avert an economic downturn. Few aides have a firm
sense of what steps he would seriously consider, in part because he keeps
changing his mind.
- Ideas that have been discussed include imposing a currency transaction tax
that could weaken the dollar and make U.S. exports more competitive; creating a
rotation among the Federal Reserve governors that would make it easier to check
the power of Chair Jerome H. Powell, whom Trump has blamed for not doing all he
can to increase growth; and pushing to lower the corporate tax rate to 15
percent in an effort to spur more investment. Some, if not all, of these steps
would require congressional approval.
- Link: https://tinyurl.com/yxekre3n
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.