The New York Federal Reserve estimates the U.S. economy will grow at an annual rate of nearly 4 percent in the fourth quarter. That would be after breaking 3 percent growth in the second and third quarters this year. The Trump economy is booming. And the New York Fed predicts the boom will continue, with growth above 3 percent in the first quarter of 2018. The last time we had four consecutive quarters of growth above 3 percent was 13 years ago, in 2004-2005.
Can that kind of growth be sustained? Many economists are skeptical and point to President Donald Trump’s trade and immigration policies, which they say undermine his efforts.