Reported about 6 hours ago
In the wake of Donald Trump's nomination of hedge fund manager Scott Bessent as Treasury Secretary, economist Jason Furman emphasizes that Trump's tariff policy poses a 'bigger issue' than the nomination itself. While Furman acknowledges Bessent's financial credentials, he notes the need for him to deepen his understanding of public policy. Furman questions the strategic purpose behind the tariffs, suggesting that their justification may lie either in raising revenue or as a negotiation tactic, while importantly pointing out that under a Trump administration, it is the president who drives policy direction.
Source: YAHOO