Scott Bessent on possible Treasury secretary role: I'm going to do whatever Donald Trump asks

[@andreinikiforov2671]

Tax cuts and tariffs are both inflationary, just through different routes. Tax cuts fuel demand, risking demand-pull inflation if the economy's already humming. Tariffs directly hike import prices, causing cost-push inflation. These two can easily team up to create a double-whammy of inflation, reminiscent of the 'guns and butter' policies of the 1970s that saw increased spending alongside trade restrictions.

[@carlosgamez6230]

Well, we are in it now, let’s hope interest rates continue to come down

[@NoGoodHandlesComingToMind]

So you want inflation to go up?

[@christown6215]

Wouldn’t govt job cuts be non inflationary and help balance some of this out. Business owners make quick adjustments it’s possible we are over thinking Trumps inflationary effects.

[@MZInternationalBusiness]

We need Bessent to organize the migrant MMA league

[@elijah8638]

😂

[@gloriajaimesa2811]

The bond market is not concerned about inflation under Trump ? Did he check his screen in the last few days ? what a puppet

[@Fgji230]

Dax down 1.2% hang seng down 2.2%

[@marthajones7236]

Trump needs to have businesses make & nanufacture something to sell something that coutries will buy. Right now we spend more than we income! If we don't make produce & market & sell something it doesn't any difference how many people voted for trump what matters is this enomous debt , the delollarization that LEGAL & no one can force a country to use dollars , most of the Global Southern countries don't have dollars in their central bank . They rather trade with each other using their own currancies

[@nak-b3s]

Certainly the rise of BRICS and their mission for de-dollarization is a threat to the US currency, hence economic growth.

[@Nate_K111]

Lololol. You know those tax cuts to help the middle class? Yeah we can’t do those. Jk about all that

[@nak-b3s]

Scott is right that you can't have it both ways in that tax cuts are inflationary and tariffs are inflationary. Powell was set to do an interest rate cut before election results and now supposedly re-thinking that rate cut. Don't know what economic factors changed since a couple days ago, except that Trump won the election in a landslide.

[@nikolailiev569]

How could they not be inflationary? Increasing disposable income boosts spending (tax cuts), while reducing imports or making them more expensive (tariffs) only adds fuel to the fire by raising prices on imported goods. Together, it's a recipe for driving inflation even higher, especially when combined with falling interest rates. And if rates need to be raised again to control inflation, Trump's history of interfering with the Fed makes that extremely implausible.

[@RayTheTaxGuy]

Get this bissent guy out of here. Another beaurocrat that thinks he knows anything.

[@ethanisking84]

Let Scott Bessent speak! You guys kept cutting him off constantly. Ignorant and annoying

[@xploit811]

Very boring guy

[@daborahgermanstavolkmunte]

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[@BensonTati]

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