US Treasury Secretary Bessent:
- Failure to get the tax invoice achieved will outcome within the “largest tax hike in historical past”
Glad days.
Extra:
- Trumps desires decrease rates of interest
- Trump not calling for the Fed to decrease rates of interest
- Rates of interest will deal with themselves if we get vitality prices down and decontrol the economic system
- tariffs should not centered on income proper now
- tariffs are geared toward bringing manufacturing base again to the US
Bessent speaks with forked tongue right here, he has informed his buyers tariffs is not going to carry manufacturing again:
- US TreasSec Bessent mentioned tariffs inflationary, not good “for a US industrial renaissance”
Bessent treats his buyers responsibly, as he ought to, however treats everybody else as fools.
This text was written by Eamonn Sheridan at www.forexlive.com.
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