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Gorman Says Dirty Little Secret Is U.S. Economy Doing Fine

  • Says Trump administration needs to make progress on proposals
  • Sees signs of a pick up in Japan, ‘exciting’ growth in India
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Gorman Says Trump Came Out With Bold Agenda

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Morgan Stanley Chief Executive Officer James Gorman said he’s very encouraged by the performance of the U.S. economy, even amid the need for progress on some of the Trump administration’s legislative proposals.

"The dirty little secret here is the U.S. economy is doing just fine," Gorman said in an interview with Bloomberg Television in Beijing. He pointed to falling unemployment, a recovery in house prices, stabilizing local and state government deficits and some signs of quickening inflation.