Economists are becoming less confident about US economic growth in light of Trump’s trade and budget policies. The experts are also not convinced that the current gains coming from the GOP tax cuts will be sustainable.

President Trump attacked the Federal Reserve on Thursday saying that he disagreed with a number of policy decisions made by the central bank and its chairman Jerome Powell. Powell was nominated to the position by Trump just a few months ago. The president said that he didn’t “necessarily” agree with the two interest rate hikes so far this year.

On Wednesday, the U.S. Federal Reserve raised interest rates, which didn’t come as a surprise to economists.

The US inflation has accelerated in January as shown by new data. Consumer prices in the country rose higher than expected and the data could pave the way for higher interest rates later this year.

The Federal Reserve has released its economic forecast for 2018 and while economic growth is expected to rise at a moderate pace, inflation will move up on a 12-month basis but will eventually stabilize.

Steven Mnuchin discussed the Trump Administration’s goal of overhauling U.S tax-code by August, in one of his more public appearances since being nominated Treasury Secretary earlier this month