Analysis: Trump Can Be Good for the US Economy - NBC Bay Area

Analysis: Trump Can Be Good for the US Economy



    Analysis: Trump Can Be Good for the US Economy
    Getty Images
    Republican president-elect Donald Trump gives a thumbs up to the crowd during his acceptance speech at his election night event at the New York Hilton Midtown in the early morning hours of Wednesday, November 9, 2016. Donald Trump defeated Democratic presidential nominee Hillary Clinton to become the 45th president of the United States. (Photo by Chip Somodevilla/Getty Images)

    A yearslong standoff between two different approaches in the American economy could finally be at an end with Donald Trump's election, according to a CNBC analysis.

    The Federal Reserve's monetary policy has been to keep interest rates near zero to pump up the economy, but growth has been tepid.

    The government's fiscal policy is its approach to the tax code and government spending. President Barack Obama's first term started with a stimulus package but Congress hasn't been able to get Congress to pass much more since then.

    Now that Republicans will control the White House and both houses of Congress, that standoff could be over, and that means he could be a massive force for good for the U.S. economy.