Economist issues dire warning over the 'catastrophic' threat to markets [FOX Business Network]
Energy Transfer LP Common Units (ET)
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Source: FOX Business Network
As markets continue to fluctuate between hot and cold, a former economic advisor to President Donald Trump is sharing words of caution for public officials and average Americans alike. Stephen Moore, a current Heritage Foundation senior visiting fellow in economics, more specifically put an onus on federal budget tax cuts and stock market "panic" heightening an already-sensitive fiscal environment. "The one thing that would really send the stock market into a bear market slide would be if Republicans agree to raise tax rates," Moore told Fox News Digital. "That would be catastrophic. It would be a huge mistake for the Republicans to do that. Don't go there. Republicans were put on this Earth to cut tax rates, not raise them." He expanded: "This is a president who is gonna get the policies right. He got them right in his first term. We saw a booming market… but people tend to panic when the stock market falls like it has in the last couple of months. And then they make the bigge
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