What to Expect Under the Trump Economy?

The transcript discusses the potential economic stimulus under a new administration, focusing on tax policy changes and their impact on GDP growth. It highlights the uncertainty surrounding infrastructure spending and the role of Congress in shaping these plans. The market's reaction to anticipated fiscal stimulus is examined, along with the implications for inflation and interest rates. The discussion also covers personnel changes in key economic roles, including the Federal Reserve, and their potential impact on economic policy direction.

What is one of the proposed changes to the tax policy under the new administration?

• Lower the top tax rate to 33%

• Introduce a new wealth tax

• Eliminate the standard deduction

• Increase the top tax rate to 45%

What is the main uncertainty regarding infrastructure spending?

• The involvement of private companies

• The exact amount of spending

• Whether it will be deficit-financed

• The type of projects to be funded

How have markets reacted to the potential fiscal stimulus?

• They have remained unchanged

• They have adjusted for lower growth

• They have adjusted for faster growth

• They have become more volatile

What is the role of the National Economic Council?

• To create economic policies

• To coordinate input from various departments

• To manage the federal budget

• To oversee the stock market

What is a potential change at the Federal Reserve with the new administration?

• Shift towards less transparency

• Expansion of the Federal Reserve Board

• Increase in interest rates

• Introduction of a new currency