'Growth of business investment dropped from 9 percent last year to 1.4 percent now,' Chris Wallace said.
say one of the biggest headwinds" to investment and stock market growth is"uncertainty about administration policies." Wallace said that they say that"uncertainty is a much bigger problem than whether or not the fed should drop interest rates 100 basis points or 1 percent," as the Trump administration has argued.ongoing leaders' summit
in France, where the Treasury Secretary is currently with the president, and attempting to emulate Trump's economic policies. He also insisted that the"consumer is very, very strong." Discussing the specific statistics cited by Wallace, Mnuchin said they should be looked at"quarterly," instead of in the way that the Fox News anchor had displayed them.
The president and top administration officials have publicly insisted that the economy is doing very well, despite a dip in the stock market and warnings from financial experts about a possible recession. Meanwhile, the administration has taken steps to address growing economic concerns, particularly in regards to the ongoing trade war with China.
The National Bureau of Economic Research published a report in March that concluded that the costs of the additional tariffs were nearly
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