The Fed Seems Determined to Snuff Out Economic Progress

The Fed Seems Determined to Snuff Out Economic Progress

President Trump's pro-growth tax and regulatory policies are creating the textbook-theory-expected faster economic growth along with the benefits that go with that faster growth. Meanwhile, Federal Reserve policy appears to be focused on preventing these positive economic effects from continuing through 2019.

Lower regulatory burdens translate into lower costs of conducting business and increases in output. A recent Federal government report puts that cost savings at $33 billion since the election of President Trump.

Likewise, tax reform is translating into increased capital investment and increased trend economic growth. Corporations are returning income and capital to stockholders through strong dividend growth, higher wages and higher equity prices.

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