How Long Before Trump's Actions Start Increasing Prices/Slowing Growth

  1. My Esoteric profile image88
    My Esotericposted 8 months ago

    On Jan 22, 2017, Trump is supposed to pull out of the Trans-Pacific Partnership (designed to increase growth and increase employment) by Executive Order and make bilateral trade deals that may or may not happen.

    Three days ago, Trump signed an Executive Order that orders his Departments to obstruct ACA as much as possible.  That alone potentially could lead to more insurers dropping out of the exchanges thereby raising insurance prices and making people lose coverage.

    By themselves, those two actions could cost thousands or millions of Americans their jobs.

    1. promisem profile image94
      promisemposted 8 months ago in reply to this

      I have read several articles saying that the ACA executive order is largely symbolic. If that's the case, I suppose we won't see any impact until Congress actually repeals ACA. It also depends on how or whether they replace it.

      Don't know much about TPP. But if consumer prices overall start to increase too much, the Fed will raise interest rates to cool them off -- unless Congress kills the Fed.

 
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