President Trump is likely comparing the growth of a developing country to that of the U.S., which is like comparing apples to oranges. The robust pace of economic growth defied analysts' expectations that activity might slow in the third quarter because of Hurricane Harvey. The economy also grew at 3 percent in the spring, the Bureau of Economic Analysis reported Friday. Goldman Sachs forecasts only a modest 0.1 to 0.2 percentage point increase in economic growth if Congress passes the tax reform bill. Trump's Fed chair choice largely down to Taylor or PowellGoldman Sachs predicts only minor boost from Trump’s tax cuts

Source: Washington Post October 27, 2017 12:49 UTC