Trump Softens Tone But Job Ahead Won’t Be So Easy

President Donald Trump on Tuesday cast aside the dark rhetoric of carnage and conflict that defined the start of his administration and left in its place a recitation of familiar campaign promises with few details on how he’d turn them into reality.

His first address to Congress featured an Obamacare repeal, a $1 trillion infrastructure plan, an immigration crackdown and a defense buildup. Designed to win the nation’s center, Trump’s remarks sprinkled patriotism and optimism over a politically divisive platform, and his calm and collected delivery won immediate applause among political pundits.

Yet governing requires Trump to provide direction, and there the speech fell far short of what many voters, lawmakers and investors said they wanted to hear. It’s unlikely to overcome the infighting and confusion that has stalled his legislative priorities on Capitol Hill.

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.