The host Fox Business Larry Kudlow dissects US economic policy on ‘Kudlow’.
Scott Bessent Treasury Secretary spoke with the New York Economic Club and emphasized the growing Program of President Trump.
I had the opportunity to interview the secretary After his speech. But what matters, Beesent emphasized the deregulation, especially in the banking sector – and this includes bank loans to small businesses. This is important because over the years Biden, the Feda Jay Powell chair, ran with the wind and promoted Dei, ESG, without loans with oil and gas companies, terrible surveillance of the Silicon Valley and disrespect for the importance of banks in the community. Powell chaired a real clutter.
By the way, it seems that Trump – the elevated Miki Bowman, a member of the Federal Reserve Committee, will get Kim to become Vice President of the Fed for Bank Supervision – and this will be a welcome relief from the policy of awakened Jaya Powell. Bessent defended the campaign of President Trump to stop unfair trade practices and manipulation of currency and theft of intellectual ownership. And by accident, President Trump himself stopped 25% of tariffs In Mexico and Canada, the basis of the USMCA was given a 30-day return to the contract.
Senator John Kennedy, R-La., He says most Americans are worried about high prices on Kudlow.
But Trump is right about unjust trade. And I talked to the Bessent about it. There is no equivalence between communist China and the United States. And of course, it is a high time for Trump’s idea of reciprocity to place in place, because if they do not do so, WTO will never do it. And our heart industry will continue to suffer.
Trump’s examination process is currently slightly broken. But politics itself is correct. King Dollar will continue to reciprocate, according to Scott Besent. He is very pleased that the bond rates are falling. And Beesent is a guy for growth. He and I have somehow discussed Trump’s tax policy in which the president wants all his extensions for 2017, plus without advice taxes, overtime or older benefits. And Bessent reminded me that Trump wants 100% immediate costs for new factories as well as machines and equipment. And everything will be retroactive by January 20th.
The former speaker of the Newt Gingrich house discusses the return of growth to the US to ‘Kudlow’.
Afterll, growth is so important. I mentioned that the combination of tax and deregulation and the rest of Trump’s program creates 3% growth in the next 10 years instead of a usual 1.8% CBO basic value. This is worth 3 trillion dollars more in the resources created by the private sector.
And in fact, Scott Besent often talks about the need reproduce of the American economyand thus ending the failed great government’s socialism of Joe Biden. Trump’s tax reduction should be comprehensive and permanent and achieved as a current policy, which means that the deficit is neutral. Just like the way CBO reaches the current basic line – where spending is increasing each year.
Bessent also spoke about the importance of reducing government jobs and increasing private jobs. And gave a strong approval of the work of Elon Male Doge. MR
