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The Fed’s forecasts for the economy confirm what everyone already knows about the GOP tax cut plan





janet yellen

  • Fed Chair Janet Yellen says the prospect of tax cuts has been built into Fed forecasts for some time, and the central bank does not expect a major boost to growth.
  • Yellen said tax cuts were discussed by Fed members at this week’s meeting, which culminated in an interest rate increase.

The Federal Reserve raised interest rates on Wednesday and released a new batch of economic forecasts that very much reaffirm conventional wisdom among economists about the Republican tax cut plan: it will not do much to boost economic growth.

Despite claims by the Trump administration that the cuts, which most analyses read more >>>

Source:: BusinessInsider.Com

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