White House economic adviser Brian Deese spoke about the recent trade.
He said he was not surprised by the negative financial markets reaction to Britain’s tax plans, including tax cuts, and underscored the need to maintain “financial prudence and fiscal discipline”.
Deese was speaking at an event hosted by the Economic Club of Washington.
He added that during a cycle of monetary tightening, the UK’s plans have enabled monetary authorities to potentially tighten further.
key notes
The US is in an unprecedented transition but has confidence in the resilience of the economy.
Europe is significantly more exposed to energy price volatility, which will continue to be a difficult time for the UK and EU.
When asked about Britain’s economic plans, he said it was important to focus on fiscal prudence and discipline.
I am fundamentally optimistic about the US economy, which can emerge stronger from the crisis.
Does not count on the need for the global agreement to adjust currency values.
When asked if he will stay for two more years, he says he has no plans to leave.
Comments are closed.