THE TICKERPresident Trump’s top economist raised eyebrows Monday when he acknowledged from the White House podium the president had tweeted a falsehood about the economy. His key claim: Trump’s election marked a turning point for the economy, attributable to the president’s success cutting regulations and taxes. “The data in the CEA charts are correct,” Joel Prakken, chief U.S. economist for Macroeconomic Advisers by IHS Markit, emails. “It takes time for these things to materialize,” Pomerleau says of the effect of the tax cut. ... ‘“President Trump would need a magic wand to get to 4% GDP,” stated President Obama,’ Trump tweeted.

Source: Washington Post September 11, 2018 12:20 UTC