LARRY KUDLOW: Treasury Man Bessent Talks Growth at the Ziegfeld Ballroom
Published On Mar 6, 2025, 6:22 PM
Treasury Secretary Scott Bessent spoke at the Economic Club of New York about the need to boost economic growth alongside President Trump's agenda. He emphasized the importance of deregulation, particularly in banking, to enable increased loans to small businesses. Bessent also defended Trump's trade policies aimed at countering unfair trading practices and currency manipulation. He suggested that Trump's tax cuts could lead to significant private sector growth, predicting a 3% growth rate over the next decade, compared to the current baseline of 1.8%. Bessent and Kudlow discussed the potential for reversing current anti-business sentiment in favor of growth-oriented policies.
Stock Forecasts
SPY
Positive
Bessent's advocacy for growth-focused policies and deregulatory measures could create a favorable environment for businesses, particularly in industries that have suffered under the current administration's policies. This recommendation aligns with a potential rally in the stock market as investors may respond positively to an economic environment that favors growth and tax cuts.
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