On the economy: "Our basic rate of growth for this year and next year … is somewhere's around 2 to 2 ¼ percent," Rubin said. "My guess would be if you got the kind of stimulus they [House Republicans and Trump] are talking about, you might be able to add a few tenths to that, 2 ½ percent … but those kind of actions … could also have some adverse effects."
On a border adjustment tax: "Not only do I think it is bad policy, which I do, I think the probability of the border adjustment tax happening is remote," he said.
Rubi also discussed:
- Tax reform
- Asset bubbles
- Federal Reserve
- Financial regulation
- Quantitative easing
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