US: Can Trump administration deliver its economic agenda? - BBH

In view of analysts at BBH, scepticism has increased that the Trump Administration can deliver its economic agenda.  

Key Quotes

“At the same time, US data consistently underwhelmed expectations, and core inflation fell.  There were a couple of jobs reports that in hindsight proved to be quirks rather than signs of a dramatic weakening of trend, but at the time, contributed to skepticism over the trajectory of monetary policy.”  

“Neither the technical nor macroeconomic considerations are as compelling.  It is true that the political climate in the US leaves much to be desired.  This does not seem likely to change anytime soon.  However, what is changing is European politics.  Just like the consensus was slow to recognize and appreciate that the fragmented multiparty political systems act as a bulwark against populist-nationalism, it is slow to see the underlying contradictions within Europe are unresolved and could re-emerge quickly.”