US Fed members divided over rate hikes in 2018
The minutes of the Dec 12-13 policy meeting also showed officials believe the likely benefits of the recently adopted tax cut are highly uncertain.
(Updated: )
Ricky Lim ·
Federal Reserve raised the benchmark lending rate for the third time last year, also showed officials believe the likely benefits of the recently adopted tax cut are highly uncertain.
While the tax cuts could boost spending, there are indications companies are likely to use the windfall for mergers and share buybacks, the minutes said. That is contrary to the arguments its supporters used to back the massive tax package.
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This is the correct professional views that Trump's massive tax cut is to benefit himself, his business empires and his lobbyists.
Donald Trump is not doing it to benefit the Nation.
While the tax cuts could boost spending, there are indications companies are likely to use the windfall for mergers and share buybacks, the minutes said. That is contrary to the arguments its supporters used to back the massive tax package.
--
This is the correct professional views that Trump's massive tax cut is to benefit himself, his business empires and his lobbyists.
Donald Trump is not doing it to benefit the Nation.
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