At any point in time is the honeymoon over for Trumpadministrationen and they will need to live up to the policyförväntningar that have driven up stock markets.
It said the Fed chief of St. Louis, James Bullard, in an interview with Bloomberg TV on Tuesday.
”The stock markets have risen a lot in the united states since the election. My interpretation is that much of it is an expectation of changes in the corporate income tax and probably income tax, which is due in the united states,” he said.
In themselves, would these changes mean a revaluation of the corporate sector by 10-15%, which is about what happened after the election.
Business confidence rose after the election, and the president was perceived as more business friendly than the previous administration.
”Washington must deliver at any point of time and I think it is a matter of concern in the future, whether the honeymoon will end at some point, and perhaps the reality of american politics put into it. We’ll see if it happens or not. I believe that the issue is not settled,” he said.
He noted that the dollar has lost something because of the perceived change in the policy of other central banks in conjunction with the u.s. monetary policy.
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