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Key Fed official slams U.S. tax cuts for imperilling economy

Reuters  |  NEW YORK 

By Jonathan SpicerNEW YORK (Reuters) - One of the Federal Reserve's most influential members on Thursday offered a point-by-point critique of U.S. President Donald Trump's sweeping tax cuts, warning they put the country on an unsustainable fiscal path that will imperil the economy's stability down the road. New York Fed President William Dudley, a key architect of the U.S. central bank's decade-long response to the financial crisis, said the new cuts to corporate and individual taxes will provide a short-term boost but leave the economy more vulnerable in the years to come. Not only could the ...

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First Published: Fri, January 12 2018. 03:55 IST