부동산 기반 트럼프 정부의 경제 정책 방향

Mr. Reagan asked Mr. Volcker why the country needed a central bank. He apparently found the answer convincing. Like other presidents in recent decades, he decided the Fed was reasonably effective and useful as a scapegoat.

Mr. Trump’s intentions are unclear in part because there is a tension between his personal preferences and his political commitments. He is a borrower who now heads the political party that has long represented the interests of lenders.

Mr. Trump has described himself as “a low-interest-rate person,” reflecting his background as a real estate investor who drew heavily on other people’s money. He also has promised to deliver stronger economic growth, a goal that could be inhibited by higher interest rates. Politicians — their careers dependent on short-term economic performance — generally favor low rates, even at the expense of future inflation. That is the very reason the Fed is insulated from political pressure.

http://www.msn.com/en-us/news/politics/with-trump-in-power-the-fed-gets-ready-for-a-reckoning/ar-AAkdwXY?li=BBmkt5R&ocid=spartandhp

The New York Times