Would tax cut bring higher wages?

WASHINGTON — Gary Cohn, the top White House economic adviser, was onstage making the Trump administration’s case that a huge cut in corporate taxes would trigger a surge of business investments. Then came an off-the-cuff question to business leaders listening to Cohn at The Wall Street Journal CEO Council meeting last week: How many will increase… Please follow and like us:

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Report: Gary Cohn Likely to Leave White House

Gary Cohn, President Donald Trump’s chief economic adviser, is looking to leave the White House after congress passes the president’s tax reform plan, Bloomberg news reported Wednesday. Cohn, who served as the chief operating officer at Goldman Sachs before joining the Trump administration, is considering exiting the White House, two sources told Bloomberg. Sources also told… Please follow and like us:

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Trump’s chance to reshape the Federal Reserve could be his biggest economic legacy

WASHINGTON — President Donald Trump is betting he can turbocharge the U.S. economy with tax cuts and trade deals, but his greatest leverage to influence growth may rest with an unparalleled opportunity to reshape the world’s most powerful central bank. Because of a wave of vacancies, Trump will have the ability in the coming months to… Please follow and like us:

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Report: Gary Cohn’s Job Security Seen as Shaky

Report: Gary Cohn’s Job Security Seen as Shaky Friday has been firing day for several top Trump administration staffers during its first seven-plus months, and Gary Cohn, the director of the National Economic Council, reportedly could be the next ushered out of the West Wing. Cohn is said to have angered President Donald Trump with his comments about how the administration should handle white… Please follow and like us:

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Trump Battling His Own Subordinates over Trade, Loyalty

President Donald Trump is growing frustrated with the “globalists” in his administration, and at one point this month, he ordered his staff to start bringing him tariffs on subsidized imports. Trump was apparently getting tired of excuses when it comes to trade policy, in an incident first reported by Axios on Sunday. Trump told the roomful… Please follow and like us:

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Yellen defends tougher financial regulations

WASHINGTON — Federal Reserve Chair Janet L. Yellen said Friday that tough new regulations have made the financial system safer with little downside, a strong rebuttal of Republican criticisms that reforms have stunted economic growth. Yellen’s comments at the Federal Reserve Bank of Kansas City’s prestigious policy conference in Jackson Hole, Wyo., could hurt her chances… Please follow and like us:

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Global stocks stumble on Spain attacks, White House turmoil

Global stock markets sank Friday as traders sought haven investments such as gold following a terror attack in Barcelona that sent airline share prices down. The deadly attack Thursday in the Spanish city compounded investors’ concerns over economic policy paralysis in Washington. “The recent shift towards haven markets continues,” said Joshua Mahony, market analyst at IG… Please follow and like us:

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Another Financial Crisis Is On The Way, Warns Former Goldman Sachs Exec

As President Trump pushes to sell off public assets to financial firms and eliminate financial regulations, former Goldman Sachs executive Nomi Prins says America is on the verge of another financial crisis. Prins, who is now a journalist and author of “All the President’s Bankers,” argues that lawmakers’ refusal to pass legislation breaking up the big… Please follow and like us:

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Trump wants bilateral trade deals but individual nations can’t do it or are reluctant

WASHINGTON �� In his first swing through Europe as president, Donald Trump left little doubt that he would pursue his “America first” policy in economic relations, creating a stir by denouncing Germany’s trade surplus with the U.S. and promising to end it. “The Germans are bad, very bad,” Trump was quoted as saying during a meeting… Please follow and like us:

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How Gary Cohn Could Sell US Infrastructure To Goldman Sachs

President Donald Trump’s administration this week touted an infrastructure plan that would sell off public assets to private financial firms. Left unsaid in the White House promotional materials was any mention that the Trump aide who is overseeing the initiative comes from a Wall Street firm that says it is seeking to buy up the very… Please follow and like us:

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Goldman Sachs Is About To Swallow Trump, White House

Elevating Gary Cohn to chief of staff would be a major win for the Wall Street wing of the White House. In an attempt to rebut reports that he is governing ineffectively and beholden to a small group of fringe right-wing aides, President Donald Trump is reportedly considering yet another White House staff shakeup just 11… Please follow and like us:

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