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Bernanke Says U.S. Economy Faces a ‘Wile E. Coyote’ Moment in 2020

  • Former Fed chairman says fading stimulus could result in slump
  • Tax cut package makes Fed’s job more difficult, Bernanke says
Bloomberg business news
Gabriela Santos of JPMorgan Asset Management discusses Bernanke’s comments on the U.S. economy.Source: Bloomberg

U.S. economic growth could face a challenging slowdown as the Trump Administration’s powerful fiscal stimulus fades after two years, according to former Federal Reserve Chairman Ben Bernanke.

Bernanke said the $1.5 trillion in personal and corporate tax cuts and a $300 billion increase in federal spending signed by President Donald Trump “makes the Fed’s job more difficult all around” because it’s coming at a time of very low U.S. unemployment.