• BERNANKE: Trump's tax cuts are like 'Wile E. Coyote' and the economy's boost will fall off the cliff in 2020

    3 monthes ago - By Business Insider

    Ben Bernanke , the former Federal Reserve chairman, said Thursday that the Trump administration's tax cuts will initially boost the economy but reach the edge of the cliff in 2020.
    "In 2020, Wile E. Coyote is going to go off the cliff and he's going to look down, and that will essentially be withdrawn at that point," Bernanke said, referring to the Road Runner character.
    Bernanke is a distinguished fellow in residence at the Brookings Institution, and served as Fed chair from 2006 to 2014.
    Former Federal Reserve Chairman Ben Bernanke said Thursday that the Trump administration's fiscal...
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  • ‘Wile E. Coyote Is Going to Go Off the Cliff:' Former Fed Chair Bernanke Is Not Optimistic About the U.S. Economy

    ‘Wile E. Coyote Is Going to Go Off the Cliff:' Former Fed Chair Bernanke Is Not Optimistic About the U.S. Economy

    3 monthes ago - By Fortune

    U.S. economic growth could face a challenging slowdown as the Trump Administration's powerful fiscal stimulus fades after two years, according to former Federal Reserve Chairman Ben Bernanke .
    Bernanke said the $1.5 trillion in personal and corporate tax cuts and a $300 billion increase in federal spending signed by President Donald Trump "makes the Fed's job more difficult all around" because it's coming at a time of very low U.S. unemployment.
    "What you are getting is a stimulus at the very wrong moment," Bernanke said Thursday during a policy discussion at the American Enterprise...
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