The Opaqueness of US Economic Policy
marctomarket.com / by Marc Chandler / May 26, 2017
It is not just the fear that the investigations into Russia’s attempt to influence the US election will distract from the Trump Administration’s economic program. It is also that the economic agenda itself seems is less clear.
That China was not cited as a currency manipulator is no major surprise. Bush and Obama also made the threat on the campaign trail over jettison it when the were in office. China has not been cited since 1994. Although we argue the designation is not as onerous as it is frequently made to be, lack of use appears to have increased its symbolic importance.
During the campaign and as recently as a fortnight ago, President Trump was talking about his willingness to address to “too big to fail” problem in the US financial sector. There was explicit support for some kind of new Glass-Steagall which forced a separation between deposit-taking institutions and investment banks. However, in recent testimony before the Senate, Mnuchin played this down and denied a commitment to support a “full separation” of commercial and investment banks.
The post The Opaqueness of US Economic Policy appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/25/the-opaqueness-of-us-economic-policy/
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