ADVERTISEMENT
ADVERTISEMENT

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 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.

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.

"

ADVERTISEMENT

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.

"

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Here's everything to know about being a virgin on your wedding night

Here's everything to know about being a virgin on your wedding night

7 do's and don’ts of the Holy month of Ramadan

7 do's and don’ts of the Holy month of Ramadan

Top 5 sweetest celebrity mother-child relationships that stand out for us

Top 5 sweetest celebrity mother-child relationships that stand out for us

International Women's Day: 5 Nigerian female celebrities championing women’s rights

International Women's Day: 5 Nigerian female celebrities championing women’s rights

Top 5 female directors in Nollywood

Top 5 female directors in Nollywood

6 things that will break a Muslim's fast during Ramadan

6 things that will break a Muslim's fast during Ramadan

5 benefits of fasting during Ramadan

5 benefits of fasting during Ramadan

5 reasons Easter was more fun when we were children

5 reasons Easter was more fun when we were children

Dos and don’ts of supporting Muslims during Ramadan

Dos and don’ts of supporting Muslims during Ramadan

ADVERTISEMENT
ADVERTISEMENT