Larry Kudlow: Treasury Man Bessent Ziegfeld speaks growth at Ballroom



Treasury Secretary Scott Bessent spoke today with the Economic Club of New York and stressed the growth of the President Trump's program.

I had a chance to meet the secretary After his speech. However, Bessent, especially in the banking sector, especially in the banking sector, emphasized that it includes bank loans. This is important, because in Biden years, Fed President Jay Powell has no credit to ignore the importance of terrible control and community banks in the Esg, Silicon Valley. Powell led the real confusion.

By the way, Trump-designated Miki Bowman, a member of the Federal Reserve, intends to get NOD to be a vice seat for bank control, and it will be a pleasant relief from Jay Powell's awakening policy. Bessent defended the campaign to stop the President Trump's unfair trade experiences and currency manipulation and the theft of intellectual property. And by accident President Trump suspended itself 25% tariffs In Mexico and Canada and essence, USMCA has gained a fame for 30 days.

But Trump is about unfair trade. I talked about this with Bessent. There is no equivalence between Communist Chinese and the United States. Of course, the fact that Trump's interaction is a high level, because the United States does not do so, the WTO will never do. And the industries of our hearts will continue to suffer.

Trump's recommendation process is still distracted at the moment. But the policy itself is correct. According to Scott Bessent, the king dollars will continue to fall again. It is very pleased that the bond rates descend. And Bessent is a growth man. It has been a while, the president's 2017 extensions of 2017, plus recommendations or work-time taxes, or no time taxes. And Bessent reminded me that Trump wants to spend 100% immediately for new factories, as well as machines and equipment. And it will all be retroactive until January 20.

After that, the growth is so important. I focused that the combination of tax reduction and regulation and the remaining shoot program produces 3% growth in the next 10 years instead of the usual 1.8% CBO foundation. This is worth $ 3 trillion in the sources created by the private sector.

And in fact, Scott Bessent often talks about the need Adjust the American economyAnd thereby, Joe Biden finished the great government socialism. Trump tax discounts should be comprehensive and permanent and be evaluated as a current policy, which means the shortcoming neutral. As the CBO's current service substantiation, it is not an increase in the increase every year –

Bessent also spoke about the importance of reducing government work and increase personal work. And Elon gave a strong approval to the destinement of the destinies. Mr.Bessent is an elegant, old school, an elegant, old school, South Carolinian, which is a large intellectual, which is a large intellectual issues that will perform a new golden age mission of a new golden era of America.



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