Treasury’s Lavorgna is speaking to Reuters and says:
Expecting more growth in 2026 driven by measures emerging from the Trump tax act.
Already starting to see the capex cycle turn up, signaling improving investment momentum.
Full expensing rules for factories expected by year-end, supporting business investment and equipment spending.
Trump policies focused more on supply-side stimulus compared with Biden’s approach.
President takes affordability concerns seriously, highlighting cost-of-living as a policy priority.
Monetary policy has been to theo tight.
We won’t need a 50 year mortgage if the Fed was lower rates.
2000 rebate of tariffs would require congressional approval, uncertain of its status
We may not need it if the growth backdrop is as strong as I think it will be.
It appears we moved close to 4% GDP growth in Q3.
Don’t see any tariffs as being inflationary, inflation is rooted in services..
Seeing tariffs absorbed in margins.
This article was written by Greg Michalowski at investinglive.com.