To Combat Stagflation, Cut Tax Rates Like Trump Did

President Donald Trump signs the Tax Cut and Reform Bill in the Oval Office at the White House in Washington, on Dec. 22, 2017. Brendan Smialowski/AFP/Getty Images

Commentary

The U.S. economy is clearly shifting into a lower growth gear and many economists are ramping up their recession forecast for the second half of this year. So far, through the first 10 weeks of this year, GDP growth has slumped to a wobbly 1.2 percent, according to the Atlanta Federal Reserve Board.