ADThe trade deals, while not nearly as ambitious as Trump promised, have lessened one of the biggest drags on the U.S. economy: uncertainty. “Tariffs will be much more stable for quite a while,” Larry Kudlow, Trump’s top economic adviser, told The Washington Post. “Some of the obstacles to growth, including the Fed and trade uncertainties, are being removed, and that will have a powerful positive impact on the economy." Many economists say Trump should be thanking the Fed for coming to the rescue after he escalated the trade war this summer. Despite the low interest rates and progress in trade talks, a number of independent economists still say the economy won’t pick up much momentum.

Source: Washington Post December 15, 2019 23:28 UTC