US: Economic growth via tax reforms – ANZ

Sandeep Kanihama FXStreet Contributor

Analysts at ANZ note that the US Treasury Secretary Mnuchin spoke at the Spring IMF Conference yesterday and said that the number one priority is economic growth.

Key Quotes

“To get growth, the administration’s focus is major tax reform and regulatory relaxation. He said the US is very close bringing forward major tax reform and that it should be done by the end of the year. On regulation, he noted that the Volker rule was restrictive and that in a client driven business, banks should be able to commit capital while trading.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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