Rising to Potential

August 10, 2018 There seems to be an emerging consensus that the combination of tax cuts passed last year, and Trump’s deregulation initiative might boost investment spending and GDP growth for an extended period. That has been our position since the tax cuts were...

Gathering Momentum

August 3, 2017 In the past couple of weeks, we have learned that the economy may be growing more quickly than we had anticipated.  That raises the fear that inflation could begin to rise more rapidly which, in turn, could cause the Fed to accelerate its...

Trump Fires at the Fed

July 27, 2018 Economists generally believe that if Trump is pressuring the Fed not to raise rates in September that it will be more likely to do so to demonstrate the Fed’s independence from both the Executive and Legislative branches of government.   That may make...