BofAML Sees Greater Uncertainty Under Donald Trump

The transcript discusses economic growth forecasts amid the Trump administration's policy changes. It highlights the potential impacts of fiscal stimulus and infrastructure spending on growth, as well as the role of Congress in passing policies. The Federal Reserve's decision-making process regarding interest rates is also examined, considering financial conditions and potential fiscal policies.

What are the near-term and medium-term impacts of the change of administration on economic growth?

What factors could lead to a revision of economic growth forecasts in the first half of the year?

How might fiscal stimulus and infrastructure spending affect economic growth according to the discussion?

What are the potential paths for economic policy that could emerge from Congress, and how might they impact the economy?

What role does the Federal Reserve play in the context of economic policy and growth forecasts?