Yellen lauds Trump's 3% growth goal, casts doubt it's achievable
(July 14): Federal Reserve Chair Janet Yellen said 3% U.S. economic growth would be an admirable, but difficult feat to achieve over the next few years, casting doubt on the Trump administration’s ability to reach that goal with deregulation, infrastructure spending and tax reform.
“It’s something that would be wonderful if you can accomplish it — I’d love to see it,” she said in response to a question from Senator Bob Corker, a Republican from Tennessee who asked whether the target is reachable over the next five years. “It would be quite challenging.”
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