US: Economic growth via tax reforms – ANZ

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.”