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Trump Policies An 'Uncertainty Tax' Says Vanguard Chief Economist
Posted
March 6, 2025
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6:59Now PlayingFinancial markets are signaling that the risk of a recession is growing as tariff-related uncertainty and indicators of economic weakness spread fear across Wall Street. After a wild ride in markets economic sentiment is darkening as money managers and corporate executives struggle to cope with the volatility created by President Donald Trump's threatened tariffs. Trump defended his plan to remake the global trading order in his address to Congress Tuesday night, acknowledging the prospect of discomfort ahead. Global Chief Economist and Global Head of Investment Strategy at Vanguard, Joe Davis, spoke to Stephen Carroll and Valerie Tytel on Bloomberg Radio.
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