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Trump tax cuts to support the economy for another two years: Edmund Phelps

"We are in a boom, but all booms are over, and this high level of production and employment can not be sustained," he told CNBC's Martin Soong on Sunday at China Development Forum in Beijing. Phelps won the 2006 Nobel Prize in Economics for his work on the short-term and long-term effects of economic policies. "I would be surprised if …

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