The Trump administration assures us that ordinary workers will still come out ahead because their corporate tax cuts will lead to a huge surge of investment. There is pretty much zero reason to believe this.
In Germany, there is dissatisfaction with how the European Commission is implementing the Fiscal compact. Now, Schäuble proposes to attribute the control to the ESM , which should have the task of sanctioning those who do not respect it.
There is actually a possibility that Trump will reappoint Yellen as Fed chair in spite of her being a Democrat. He may be looking for a way to be conciliatory to Democrats and earn himself some good press.
