Judging by those with whom Mr. Trump chooses to surround himself, it seems that the new president is averse to talking with professional economists. But over time, he will probably get around to appointing the three members of his Council of Economic Advisers, as is required by law. (Some reports suggest that the council chairman may be Kevin A. Hassett of the American Enterprise Institute, who would be a fine choice.) Here are a few things that the president could learn from his economists in his first briefing.
The overall economy is in reasonably good shape.
Future growth is likely to be modest.
The stagnant wages of the president’s supporters cannot be easily fixed.
Oh, and about the dollar.
