Fed Warns Trump to Be Smart
Without mentioning President-elect Donald Trump by name, Federal Reserve officials warned that the incoming administration’s fiscal policy must be intelligently designed to spur the economy while maintaining a rainy-day fund to help the economy withstand another downturn. “Smart” government spending and tax reform could help the economy grow, said Chicago Fed President Charles Evans in a speech to the Executives Club of Chicago, according to Reuters. Earlier, New York Fed Pre