Trump's dilemma: slower job growth or rising rates and inflation?


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    Ryan on #8921

    Hi,

    A drop in the U.S. unemployment rate last month to a 9-year low signals the risk of a collision between President-elect Donald Trump’s plans to goose the economy and the Federal Reserve’s efforts to tap the brakes with higher interest rates. Since Trump’s election, officials at the U.S. central bank have cautiously introduced the possibility that his spending and tax cut plans could prompt a faster pace of rate increases than the two hikes currently foreseen in 2017. With November’s decline, the jobless rate is now already below the most optimistic projections from Fed policymakers for where it would stand at year end.

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