Difficult to See 4% Growth for U.S.: Posen

The transcript discusses the potential for US economic growth under Trump's policies, including tax cuts and deregulation. It questions the sustainability of achieving 4% growth and the impact on job creation in a near full-employment economy. The discussion covers trickle-down economics, investment trends, and the challenges of helping the middle class. It also addresses potential inflation, economic risks, and the strength of the US dollar. Finally, it offers advice for Canada in navigating its economic relationship with the US.

What is the expected growth rate for the US economy under Trump's policies according to the discussion?

• 5%

• 2%

• 3%

• 4%

What is a major challenge in creating jobs in a near full employment economy?

• Lack of available jobs

• Excessive government spending

• High unemployment rates

• Need for significant investment in retraining

How do public-private partnerships differ from traditional government spending?

• They focus solely on infrastructure

• They are inherently smaller and involve less spending

• They require more government funding

• They involve larger projects

What is a key factor that might require government investment rather than relying on trickle-down economics?

• Corporate profits

• Tax cuts

• Technology and training

• Shareholder dividends

What is a potential risk of aggressive economic stimulation?

• Inflation leading to recession

• Deflation

• Increased unemployment

• Decreased consumer spending

What is the expected impact on the US dollar due to economic policies?

• Stability of the dollar

• Strengthening of the dollar

• Weakening of the dollar

• Volatility of the dollar

What advice is given to Canada regarding its economic relationship with the US?

• Increase government spending

• Focus on sound domestic policies and trade relations

• Reduce exports to the US

• Adopt similar tax policies as the US