Tag Archives: Fed

Jerry Bowyer: It’s Time to Pivot Back to Pro-Growth Economic Policies

We’ve seen warning signs over the past few months that economic growth is slowing down. Now it’s official: The latest GDP report shows growth in the last quarter at about 2 percent—well below historic averages.

President Trump’s tax cuts kicked in at the beginning of last year. By last summer the economy was booming.

But now the boom’s worn off. The president blames Fed tightening; most economists blame the trade war.

And, it’s hard to ignore the volatility in our policy environment which gives business what it dreads most: huge levels of uncertainty.

There’s a real danger now that the president could enter reelection with a sluggish economy. He should make a hard pivot back to pro-growth policies, leaning on advisors like Larry Kudlow who helped him deliver the boom of 2018.

A growing economy could be the key to delivering a reelection boom for 2020.

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Jerry Bowyer: A New Voice at the Fed

With economic commentator Steve Moore out of the running for Fed, President Trump has turned to another option, announcing his intent to appoint economist Judy Shelton.

Dr. Shelton is a superb choice.

Years ago, Shelton was one of the very few analysts to predict the fall of the Soviet Union long before it happened. Her conservative commitments are rock solid, having directed the Sound Money Project at the Atlas Foundation. Just last year she was successful in getting Senate confirmation as the U.S. director of the European Bank for Reconstruction and Development, so she’s already been thoroughly vetted—and would likely prevail in the confirmation process.

The stakes for the global economy have never been higher. We need a new voice at the Fed who can be a solid vote for the protection of monetary stability and who can handle herself at the table with the big boys.

Judy Shelton will do well. She should be confirmed.

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