The new US President-elect Donald Trump could be signalling a major shift in economic policy.He wants tax cuts and increased spending on infrastructure. In other words more stimulus to the economy from the government budget.Could that mean less for the Federal Reserve to do in supporting the recovery? That in turn could mean a more rapid return to normal interest rates. The aftermath of the financial crisis was an important part of the background to Mr Trump's election success.
The subsequent recovery has not been particularly strong. Many Americans, especially in former industrial ar