From Mar-a-Lago to the World: Trump’s Vision for the Global Economy

Last July, just before Donald Trump’s first and only debate with Joe Biden, a Bloomberg Businessweek team traveled to Mar-a-Lago to interview Trump about his plans for the economy if he returned to the White House. Our 90-minute discussion covered all the main issues: tax cuts, deregulation, China, the Fed’s Federal Reserve and the fate of Fed President Jerome Powell. Then, as we left, our team compared notes on what we had learned and what had …

“The economy is solid despite increased uncertainty and downside risks.” This was stated by Fed President Jerome Powell. At the moment, Powell pointed out, the Fed is “well positioned to wait for greater clarity” before evaluating actions on monetary policy and rates.