[ad_1]
- Would be happy to proceed regarding the Fed chair role. Spoke with Treasury Secretary Bessent last week.
- Says he would accept Fed chair job if a for low and stable inflation, respect independence of the Fed
- He would work within the structure the Fed reserve act.
- I don’t think tariffs don’t really cause inflation. They are a one-time increase in price level.
- Rates are ready to come down.
- Sees the Fed cutting in September and probably again later in the year
- Probably get 100 basis points by this point next year.
- Anyone on the list would want to be set up for success versus failure, and insist on Fed independence.
- Expects that the tariffs will cause a growth slow down
- Global taxes all slow down global economy.
- Don’t think slow growth will be a continuum into next year.
- Less regulation, more of a pro-business, the AI boom going on would keep growth going into next year
This article was written by Greg Michalowski at investinglive.com.
[ad_2]
Source link
