"Basically, the economy has not changed speed much during the first six months of the new administration compared to the first six months of 2016 — or even the previous few years," Mr. Naroff said. "A new president really can do little to change the trend in the economy right away. While the Trump administration has raised confidence, it hasn't done much to change the actual operating condition of the economy through things such as tax or spending changes."
"The economy essentially stalled in the first quarter, but that doesn't mean it is faltering," said Joel Naroff, chief economist at Naroff Economic Advisors in Holland, Pennsylvania, told the Reuters news service. "Some of the restraints to growth are dissipating. Growth is likely to accelerate going forward."