In a September 8th Palm Beach Post article the focus was on what effect presidents have on the economy despite campaign promises. Reporter Jeff Ostrowski interviewed WEG Founder and Principal Advisor Tony Villamil on what, if anything, is under the president’s control when it comes to the economy as The Federal Reserve controls money supply and interest rates. Villamil said, “monetary policy is a major, major issue, and of course the president has no control over that.” However, Villamil added that “the president can set the tone…and can create a lot of uncertainty in the marketplace which can be translated to lower job growth.”
Menu
