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.

Bloomberg

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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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