American Economist does not expect to see an economic boom under Trump
Description
The former Chief Economist of the International Monetary Fund, Kenneth Rogoff speaks with Senior Yahoo Finance Reporter Jen Schonberger about the potential economic impact of Donald Trump’s second term, focusing on his policies such as tariffs, tax cuts, and deregulation.
Rogoff expresses skepticism about a strong economic boom similar to Trump's first term, predicting a slowdown or potential recession. He highlights concerns around deregulation in the banking sector and the risks it poses for future financial stability. Rogoff also comments on the implications of tariffs, inflation, and the possibility of a weaker dollar.
"I don't think we're gonna see the boom that we saw in the first time, partly because back then zero interest rates. There was a lot of room to borrow money."
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