“Some observers expect US growth, which hit 4.2 percent in the middle of last year, to slow this year as the boost delivered by Trump’s tax cuts begins to wear off.

 

Douglas McWilliams, deputy chairman and founder of the Centre for Economics and Business Research, a consultancy in London, said the apparent row over interest rate policy is at odds with reality.

 

“Whatever Trump’s intervention, the Fed is not actually going to put up interest rates. If you analyze the situation, now is not the time to put them up,” he said.

 

If there is no reversal, the expansionary phase of the US economy will be the longest ever by July, according to records that were first kept in 1854. It would exceed the 120-month expansion between March 1991 and March 2001, according to the National Bureau of Economic Research in the US.”

 

Read the full article here.