The Trump administration’s emphasis on tariffs and investment, rather than consumer-driven demand, has helped power the latest strong GDP numbers while keeping inflation in check, Dick Morris, an adviser to President Donald Trump, told Newsmax on Saturday.
“What he’s done is instead of using consumer demand to hype this stuff, which can get out of hand and become a boom, instead, he’s hyped investment and tariffs and making businesses come back to the United States,” Morris told “The Count.”
Morris said past Federal Reserve leaders viewed it as the Fed’s job to cool the economy when growth accelerated, but he said Trump has taken a different approach by keeping conditions supportive for expansion.
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