“IT’S SOME­THING THAT WOULD BE WON­DER­FUL IF YOU CAN AC­COM­PLISH IT – I’D LOVE TO SEE IT.”

Finweek English Edition - - THE WEEK IN BRIEF -

− US Fed­eral Re­serve Chair Janet Yellen re­spond­ing to a ques­tion from a Re­pub­li­can se­na­tor on 13 July as to whether US Pres­i­dent Don­ald Trump’s 3% US eco­nomic growth tar­get over the next five years was pos­si­ble. She added that it would be an ad­mirable but dif­fi­cult feat to achieve, cast­ing doubt on the Trump ad­min­is­tra­tion’s abil­ity to reach that goal with dereg­u­la­tion, in­fra­struc­ture spend­ing and tax re­form, Bloomberg re­ported. Yellen’s com­ments came a day af­ter White House bud­get di­rec­tor Mick Mul­vaney penned an op-ed in the The Wall Street Jour­nal reit­er­at­ing a goal of 3% sus­tained growth, up from the post-re­ces­sion av­er­age of about 2%.

Janet Yellen US Fed­eral Re­serve Chair

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