The U.S. economy is unlikely to enter into a recession during the next two years, barring a major asset price correction. Assets are likely overvalued but the effect of a negative correction on the economy...
In November 2017, U.S. President Donald Trump nominated Jerome Powell to be the next Chairman of the Federal Reserve after current Chair Janet Yellen’s term expires in February 2018.
An overarching point to bear in mind is that Trump is an inexperienced politician, especially when it comes to the skill of managing the government’s three branches (legislative, executive, judicial), and as...