Reported 2 days ago
Trump's economic advisers are prioritizing Wall Street dynamics over Federal Reserve policies to lower borrowing costs for Americans. National Economic Council Director Kevin Hassett emphasized focusing on long-term Treasury yields, particularly the 10-year rate, rather than immediate Fed actions. They aim to manage inflation and enhance economic growth through spending cuts and policies dubbed '3-3-3.' Although there are challenges due to various influencing factors on bond yields, the advisers believe that reducing the deficit could help stabilize and lower these yields.
Source: YAHOO