The Trump Administration
Economy
Economy
It's the economy, stupid.
Day 801
Sunday 31 March 2019
...despite warnings that the move would inflict immediate economic damage on American consumers and businesses while doing little to stem a tide of migrants
Day 799
Friday 29 March 2019
Day 796
Tuesday 26 March 2019
The study concluded that “the entire incidence of the tariffs fell on domestic consumers and importers,” with “no impact” on the prices received by foreign exporters.
Day 792
Friday 22 March 2019
An economist at the conservative Heritage Foundation, Mr. Moore helped draft Mr. Trump’s tax proposals in the 2016 campaign and has served as an informal adviser ever since.
Day 788
Monday 18 March 2019
Most of that total — $540 billion — is the result of legislation passed since 2015
Day 783
Wednesday 13 March 2019
Day 767
Monday 25 February 2019
Day 761
Tuesday 19 February 2019
Day 753
Monday 11 February 2019
Day 751
Saturday 9 February 2019
Day 749
Thursday 7 February 2019
In very broad strokes, the Green New Deal legislation [...] sets goals for some drastic measures to cut carbon emissions across the economy, from electricity generation to transportation to agriculture.
Day 743
Friday 1 February 2019
Day 741
Wednesday 30 January 2019
Scott Walker and Donald Trump promised a huge manufacturing facility and 13,000 jobs. So far Foxconn has hired 178
Day 739
Monday 28 January 2019
The Trump years have been no better than average and mostly below average in 12 of the 14 measures.
Day 737
Saturday 26 January 2019
...he inadvertently revealed how intertwined the government is with millions of households, businesses and the entire U.S. economy.
Day 736
Friday 25 January 2019
Government Shutdown Day 35
...due to lost productivity from furloughed workers and economic activity lost to outside business
Day 733
Tuesday 22 January 2019
Government Shutdown Day 32
Day 730
Saturday 19 January 2019
Government Shutdown Day 29
Day 729
Friday 18 January 2019
Government Shutdown Day 28
All three major indexes surged nearly 3% on the week. US markets have advanced four weeks in a row, the longest winning streak since the summer.
Day 727
Wednesday 16 January 2019
Government Shutdown Day 26
Trump's economists have now doubled projections of how much economic growth is being lost each week.
“One thing that we worry about is what is going to break consumer confidence, what is going to shake consumers and shake business confidence, what is going to make people worried enough that maybe they pull back a little bit”
Day 722
Friday 11 January 2019
Government Shutdown Day 21
Federal tax revenues declined in 2018 while economic growth accelerated, undercutting the Trump administration’s insistence that the $1.5 trillion tax package would pay for itself.
Day 719
Tuesday 8 January 2019
Government Shutdown Day 18
Day 715
Friday 4 January 2019
Government Shutdown Day 14
The president can remove a member of the Fed board only “for cause,” which does not include policy disagreements.
Day 709
Saturday 29 December 2018
Government Shutdown Day 8
“We have a big, fat bubble coming up, you watch. We have artificially induced low interest rates,” Trump told MSNBC’s “Morning Joe” two days after announcing his candidacy in 2015.
Day 706
Wednesday 26 December 2018
Government Shutdown Day 5
...after markets suffered their worst Christmas Eve drop ever following Mnuchin's attempts to calm Wall Street failed
Day 705
Tuesday 25 December 2018
Government Shutdown Day 4
...a sharp contrast to the picture just a year ago when the world was experiencing its best growth since 2010 and seemed poised to do even better.
“Guys, everything’s fine! We’re not going to have another financial crisis, okay?”
Day 704
Monday 24 December 2018
Government Shutdown Day 3
The plummet followed a tumultuous few days in Washington, amid reports that Trump was discussing how to remove Federal Reserve Chairman Jerome Powell.
Trump has been complaining for months about Fed monetary policy, claiming rising interest rates are putting a brake on his economic plans.
The Treasury secretary put out an alarming—and confusing—press release on Sunday evening.
Day 703
Sunday 23 December 2018
Government Shutdown Day 2
It was the second time over the weekend Trump's top finance chief tried to send a reassuring message to investors over alleged plans to oust Powell.
Trump fretted to aides that Mr. Powell would “turn me into Hoover,” a reference to the man who was president in the early years of the Great Depression.
Day 702
Saturday 22 December 2018
Government Shutdown Day 1
Trump has discussed firing Powell as his frustration with the central bank chief intensified following this week’s interest-rate increase and months of stock-market losses
Day 700
Thursday 20 December 2018
The losses amplified a Wednesday decline triggered by the Fed hiking interest rates and projecting two further rate hikes in 2019.
Day 699
Wednesday 19 December 2018
Trump made up a tax cut before the midterms. Steve Mnuchin still won’t say if it was a “real thing.”
Day 697
Monday 17 December 2018
Day 687
Friday 7 December 2018
Trump has been asking his advisors if they think the tariffs he's levied against China are causing the market's unrest over the past two months.
Day 683
Monday 3 December 2018
Trump, according to The Washington Post, seems to believe that the Fed is a lot like a roller coaster: You have to be so tall to go on it.
Day 677
Tuesday 27 November 2018
“I have a gut, and my gut tells me more sometimes than anybody else’s brain can ever tell me.”
“One of the problems that a lot of people like myself, we have very high levels of intelligence but we’re not necessarily such believers,” Trump said. “You look at our air and our water, and it’s right now at a record clean.”
Day 675
Sunday 25 November 2018
Day 662
Monday 12 November 2018
Day 650
Wednesday 31 October 2018
Day 649
Tuesday 30 October 2018
Day 642
Tuesday 23 October 2018
Day 630
Thursday 11 October 2018
Trump responded to falling stock prices on Thursday by continuing to throw rocks at the Federal Reserve, which he has described as “crazy,” “loco,” “going wild” and “out of control” for slowly raising interest rates against the backdrop of a booming economy.
...breaking with years of tradition during which U.S. presidents and their advisers avoid commenting directly on Fed policy out of respect for the central bank’s independence.
Day 622
Wednesday 3 October 2018
Day 605
Sunday 16 September 2018
Day 604
Saturday 15 September 2018
Day 603
Friday 14 September 2018
Trump’s vaunted economic growth isn’t benefiting people who work for a living — but the rich want even more
Day 601
Wednesday 12 September 2018
In short, the people who possess tradable assets, especially stocks, have enjoyed a recovery that Americans dependent on savings or income from their weekly paycheck have yet to see.
Day 600
Tuesday 11 September 2018
"Just run the presses — print money" ... Cohn was "astounded at Trump's lack of basic understanding,"
Day 599
Monday 10 September 2018
But Trump got it wrong — way wrong — when he said it hasn't happened in a century.
In the last 70 years, it's happened in at least 62 quarters, most recently in 2006.
Day 597
Saturday 8 September 2018
Day 593
Tuesday 4 September 2018
Changes in the labor market have upended myriad jobs that used to pay well, dragging down wages and leaving millions of American workers feeling misled and frustrated.
Day 584
Sunday 26 August 2018
Day 583
Saturday 25 August 2018
Day 582
Friday 24 August 2018
"We have seen no clear signs of an acceleration above 2%, and there does not seem to be an elevated risk of overheating"
Day 581
Thursday 23 August 2018
“You know, I guess it says something like ‘high crimes’ and all. . . . I don’t know how you can impeach somebody who’s done a great job”
“I’ll tell you what, if I ever got impeached, I think the market would crash”
Day 578
Monday 20 August 2018
U.S. President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to ...
Day 561
Friday 3 August 2018
The unemployment rate for those without a high school diploma fell to 5.1 percent in July
Day 548
Saturday 21 July 2018
...insisting that the administration would not interfere with the decisions of the Federal Reserve or move to manipulate the value of the dollar.
Day 523
Tuesday 26 June 2018
White House officials have sent conflicting signals over trade policy, resulting in wild market swings.
Day 516
Tuesday 19 June 2018
Wall Street has tried to ignore warning signs about a trade war for months. It can't any longer.
Day 488
Tuesday 22 May 2018
The bill raises the threshold at which banks are deemed so big and plugged into the financial grid that if one were to fail it would cause major havoc. Those banks are subject to stricter capital and planning requirements.
Day 442
Friday 6 April 2018
Markets roiled Friday as stocks dropped across the board on the latest volley in the U.S. trade dispute with China.
Day 440
Wednesday 4 April 2018
On Day Three of Larry Kudlow’s first week at the White House, the president’s new economic adviser did exactly what he was hired to do: go on TV to calm the stock market over something his boss said.
Day 384
Wednesday 7 February 2018
Day 369
Tuesday 23 January 2018
He will replace the outgoing Fed chairwoman, Janet L. Yellen, on Feb. 3.