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Given the way Trump is lashing out against the Federal Reserve, I thought it might be interesting to look at the White House's own monetary projections from a year ago 1/ whitehouse.gov/wp-content/upl… 
Yep: their forecast, which called for 3+ percent growth as far as the eye can see, was predicated on the assumption that short-term rates would be 2.7% — they're actually under 2 — and long-term rates 3.2% — they're actually less than half that 2/
So monetary policy is actually much looser than the administration assumed when making its rosy forecasts. This doesn't mean that the Fed was right to raise rates, but it does mean that blaming the Fed for the failure of the tax cut is rewriting history 3/
