Trump's economic policy may be the wrong solution for the US

U.S. President-elect Donald Trump talks to members of the media at Mar-a-Lago estate in Palm Beach, Florida. REUTERS/Carlos Barria

Tax cuts, deregulation and more federal spending advocated by the incoming Trump administration are a classic remedy for economic stagnation and long unemployment lines.

But that medicine may be too strong for an economy that has grown for eight years, with wages now rising and the jobless rate near what many economists consider "full" employment.