The Republicans' long-awaited tax reform bill, which looks set to be signed into law this week, represents the first major legislative victory for President Donald Trump and should provide a modest boost to the economy next year. The stimulus may end up boosting inflation by more than it lifts economic growth, however, and the Fed is likely to respond with a slightly more aggressive monetary tightening.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services