Trump could do one thing to make the Fed reconsider raising interest rates
|11/13/2017||Posted by BusinessMediaguide.Com under General World News||
- Wall Street’s high hopes for President Donald Trump’s tax plan have been a major driver of the stock market rally, and thus investor confidence.
- The Federal Reserve’s plans to keep raising interest rates in 2018 and 2019 hinge in part on the passage of such a measure, and the short-run fiscal bump it might provide.
- Milton Ezrati, economist at Vested, tells Business Insider the failure of Trump’s tax agenda could prompt the Fed to slow the pace of tightening.
There’s something President Donald Trump could do to make sure the Federal Reserve stops raising interest rates soon, although it might not read more >>>