White House’s Miran Rejects Recession Fear, Touts Deregulation

Chief White House economist Stephen Miran dismissed the deepening fears of a recession on Wall Street, saying that President Donald Trump’s plans for deregulation and tax cuts will more than offset any hit from tariff hikes.

“The president acted with historic scope and speed to address what was a decades-long festering problem that had been eroding our competitiveness and eroding our prosperity and eroding our economy,” Miran said in an interview with Bloomberg Television Friday. “So of course there’s going to be some market volatility on the back of that.”

US equities tumbled again on ...