CFR's Mallaby Sees Trump's 3% GDP Target as 'Train Wreck'

The transcript discusses the Trump administration's ambitious 3% economic growth target, which is significantly higher than the Federal Reserve's estimate of sustainable growth. Concerns are raised about potential overheating of the economy and large budget deficits. The lack of economic expertise within the administration is highlighted, with Peter Navarro being the only known PhD economist. Internal dissent and confusion within the administration are noted, with disagreements among key figures like Mnuchin and Navarro. The challenges faced by cabinet officers and the lack of communication between top officials and civil service are also discussed.

What is the growth target that the administration is not backing off from?

What are the potential consequences of the administration's unrealistic growth target?

What concerns are raised about the expertise within the administration?

How does the internal dissent within the administration affect its policies?

What is the current status of the Secretary of State's influence in the administration?