US Pres. Trump: GDP would be near 4% if it weren’t for the Fed
|During an interview on the sidelines of the World Economic Forum in Davos, US President Donald Trump said more tax cuts, a healthcare plan and more trade deals will be coming ahead.
"We are going to be doing a middle-class tax cut, a very big one. We'll be announcing that over the next 90 days," Trump added. Commenting on the Federal Reserve's monetary policy, " The GDP would be near 4% if it weren’t for the Fed. Fed raising rates was a big mistake," Trump said.
Markets don't seem to be reacting to these comments with the 10-year US Treasury bond yield staying flat on the day near 1.778%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.