• The US government is altering the economy in a way not seen since the 1960s, and it could create turbulence on Wall Street

    8 monthes ago - By Business Insider

    It's unusual for US politicians to use policy to boost the economy just before an election, and the Trump administration seems to be doing just that, according to Ethan Harris, the head of global economics at Bank of America Merrill Lynch.
    Tax cuts and increased government spending are policies that are typically enacted to assist a recovering economy, not a robust one.
    Trump has also broken precedent by encouraging the Fed to keep interest rates low.
    Harris said he expects "bouts of nervousness in the markets when anti-Fed rhetoric ratchets higher."
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