Author Archives for Joseph Brusuelas

What Does the Trump Presidency Mean for the Economy?

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The upset presidential election victory of Donald J. Trump and the Republican party’s victory in races for the House of Representatives and the Senate signal major changes ahead in both the federal government’s approach to growth and the Federal Reserve’s approach to monetary policy. Most evident among forthcoming policy changes will be a return of supply-side tax cuts, large operating fiscal deficits, and a move back toward more traditional monetary policies that, over time, should lead to higher short and long-term interest rates. Below is an outline of my views on the implications of a Trump presidency for economic growth,... Read More