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White House Doesn't See Need for Faster Fed Hikes Due to Tax Cut
The Federal Reserve won’t need to pick up the pace of its planned interest-rate increases in response to the recently-passed tax overhaul package, White House chief economist Kevin Hassett said. The administration’s computer modeling of the economic effects of the tax plan result in interest rates that “aren’t inconsistent with the Fed’s current guidance,’’ he said during a Jan. 6 session at the annual meeting of the American Economic Association in Philadelphia. U.S. central bankers in December penciled in three interest-rate increases for this year, the same pace they foresaw in September, even as ... (full story)
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Beware of robber banks (RB), bad advisors.
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Start with 1000$. Increase by 3% every day. After one year 2 213 314$
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Everyone can see the chart, but only a few can actually read it.
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