Trump’s Federal Reserve and the Treasury Department’s $500 billion stimulus bill won’t affect the long-term trend in stocks, analysts say.
That’s because it didn’t pass Congress.
The two bills are two of the biggest government spending programs in recent memory.
They were both signed into law in 2010.
Both have since been reauthorized and will expire at the end of next month.
That means the bill won�t affect the trend of stock market gains.
The White House did not immediately respond to an email seeking comment.
But Treasury Secretary Steven Mnuchin said in a statement on Friday that the stimulus package �won�t be impacted by the Trump administration�s plans for tax cuts, infrastructure and other policy changes.