Donald Trump is poised to unleash more “populist” policies that will boost the US economy in the run-up to the midterm elections in November, according to Goldman Sachs chief David Solomon.
He said Trump’s populist actions, which include proposals to cap credit card interest rates, lower drug prices and curb institutional buying of single-family homes, would stimulate growth and help the investment bank’s overall business.
“We have midterm elections, and a president here in the US who is going to take populist actions as we head to those midterm elections. And those populist actions have a tendency to be stimulative,” Solomon said at a UBS conference in Miami on Tuesday.
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