Economics
Trump’s Economic ‘Miracle’ May Have Already Peaked
- President says robust second-quarter growth is sustainable
- Economists, investors see growth peaking as stimulus fades
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In declaring that the U.S. economy has entered a new era of faster growth, President Donald Trump is dismissing signals from financial markets and the outlook of economists from Wall Street to the Federal Reserve.
Flanked by his top economic advisers, Trump delivered remarks on the South Lawn of the White House on Friday to celebrate a report that the economy expanded in the second quarter at the fastest pace in four years. He said the economy is on track to reach an annual growth rate of more than 3 percent.