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U.S. Midterms, Globalization's Future, Risk Worry: NEF Takeaways

  • Conference dominated by trade, financial stability concerns
  • Republican Senate performance seen buoying Trump policies
Hank Paulson 

Hank Paulson 

Photographer: Justin Chin/Bloomberg
Updated on

The Republican Party’s retaining control of the Senate in the U.S. midterms may give President Donald Trump’s controversial economic and trade policies a burst of energy, according to delegates at the Bloomberg New Economy Forum in Singapore. The second and final day of the event took place just as news and results poured in from Washington. Here are some of the key things we learned.

Gary Cohn, the former White House economic adviser and ex-Goldman Sachs Group Inc. president, weighed in on how the midterm results, in which the Democrats took the House of Representatives while Republicans maintained their grip on the Senate, would be interpreted by his erstwhile boss. “He will say it’s a complete ratification of his policies, and his policies are working,” Cohn said Wednesday at the forum, which was organized by Bloomberg Media Group, a division of Bloomberg News parent Bloomberg LP.