, Columnist
Give Trump's Infrastructure Plans a Chance
His program to rebuild bridges, roads and tunnels holds promise. But private funding and tax credits won't get the job done.
Some appetite.
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Donald Trump’s plans for infrastructure spending are finally materializing, and they already have no shortage of critics. But I think the critics should ease up, and give the president-elect a chance.
The plan’s most heavyweight critic is the Federal Reserve Chair Janet Yellen. In a recent speech to Congress, Yellen cautioned against spending too much on infrastructure, warning that a move could stoke inflation and reduce the government’s ability to use fiscal stimulus in the event of a recession.