CNBC: Tax cuts pushed Fed to raise economic forecast, meeting minutes show

Discussion in 'Politics' started by Tom B, Jan 3, 2018.

  1. Tom B

    Tom B

    Tax cuts pushed Fed to raise economic forecast, meeting minutes show

    Federal Reserve officials expect reductions in corporate and personal taxes to boost consumer and business spending, though they remain unsure of the impact of the new tax law, according to minutes released Wednesday from their December meeting.

    Members of the Federal Open Market Committee increased their expectations for 2018 GDP growth from 2.1 percent, or about trend since the post-financial crisis recovery, to 2.5 percent.

    "Most participants indicated that prospective changes in federal tax policy were a factor that led them to boost their projections of real GDP growth over the next couple of years," the minutes stated.

    https://www.cnbc.com/2018/01/03/fom...ts-pushed-fed-to-raise-economic-forecast.html
     
    Max E. likes this.
  2. exGOPer

    exGOPer

    1 trillion being added to the debt for a temporary 0.4 percent increase in GDP?

    This is why Conservative states have to mooch off Blue states to even survive.
     
    Tony Stark likes this.
  3. Tom B

    Tom B

    You are an economic illiterate.
     
    Max E. likes this.
  4. Tom B

    Tom B

    [​IMG]
     
  5. exGOPer

    exGOPer

    Nice detailed comeback as usual
    The cartoon especially was a great touch when it comes to explaining economic principles. Awaiting another one line comeback after more copy pasta.
     
  6. Tom B

    Tom B

    My one-line comment was 100% correct and appropriate, based on your two-line comment.
     
  7. exGOPer

    exGOPer

    It's appropriate because that's the limit of your intellectual capacity, you can't debate beyond your copy pasta and ad hominems. Nothing more is expected of you Con, I know your cognitive limits.
     
  8. Tom B

    Tom B

    You are projecting again.
     
  9. exGOPer

    exGOPer

    Like clockwork
     
  10. Tom B

    Tom B

    You are an economic illiterate. And, don't forget, you are a proven hypocrite and liar.
     
    Last edited: Jan 3, 2018
    #10     Jan 3, 2018