- Former Treasury Secretary Jack Lew spoke to Politico's Money podcast about President Donald Trump, the economy, and the 2016 election.
- Lew said Trump has been "lucky so far" that no external shock has derailed the economy.
- The Obama appointee also said there were a slew of geopolitical and economic issues that could cause a crisis for Trump in the coming year.
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OBAMA TREASURY SECRETARY: Trump has gotten 'a lot of luck' when it comes to the economy — but that could end soon
Former Treasury Secretary Jack Lew said problems could derail the economy, including "North Korea, the possibility of trade wars, future deficits in the US."
Former Treasury Secretary Jack Lew said he that President Donald Trump has been the beneficiary of luck so far with the economy — and he warned that sometimes, luck runs out.
In an interview with Politico's Ben White for the Politico Money podcast, Lew said the global economy had been incredibly resilient during the first year of Trump's presidency compared to many years under President Barack Obama, who appointed him to his former post.
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Lew, who was also Obama's chief of staff from 2012 to 2013, said a variety of external issues could derail the economy and markets — Trump's protectionist trade policies, military conflict with North Korea, increasing federal deficits — that so far have not made a dent.
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