- Government shutdown will impact this quarter GDP
- Supply-side policies will allow growth that inflation.
- Agreed with previous to Fed meeting said it was time to cut rates.
- If I am at FOMC, are more likely to move to cut rates, while Powell is less likely.
- Fed more likely to do 25 basis point cut.
- If asked to be Fed chair, I’ll do it.
- Does not know when Trump will make decision on Fed chair
- Confirmation turmoil for Fed chair may affect announcement timing.
- On US dollar, strong dollar policy is a sound policy.
- On US dollar, any country needs sound currency.
- US fiscal deficit could drop by $600 billion this fiscal year.
- Deficit drop is one third tariff revenue, one third tax revenue due to economy and one third spending reduction.
- We are reducing deficit relative to target, bullish about growth.
- Will use future reconciliation bills to address US economy.
- On housing don’t know if Trump has decided on 50 year mortgage.
- On trade, looking at options, alternatives or authorities if the Supreme Court rules against administration in tariff case.
- On trade any cost impacts are level, Adjust effect, not inflation
This article was written by Greg Michalowski at investinglive.com.
