{"id":112280,"date":"2025-02-25T22:00:53","date_gmt":"2025-02-25T18:00:53","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=112280"},"modified":"2025-02-25T22:03:03","modified_gmt":"2025-02-25T18:03:03","slug":"112280-2","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/112280-2\/02\/25\/market-updates\/","title":{"rendered":"Bessent: I aim to reduce spending and ease monetary policy at the same time"},"content":{"rendered":"\n<p>US Treasury Secretary Scott Bessent reiterated some of President Donald Trump&#8217;s policy goals during a hosted event in Australia on Tuesday. Treasury Secretary Bessent reiterated that tariffs remain a key funding source for the Trump administration&#8217;s plans moving forward, and that Bessent fully believes that the Trump administration will find a way to reduce spending, ease monetary policy (which is typically done through increased spending), and lower Treasury yields all at the same time.<br><br> <strong>Key Highlights<\/strong><br><br>Tariffs are the essential component in strategy, and can increase US industrial capacity.<br><br>Tariffs are an important source of revenue, and and can help manage imbalances in other economies.<br><br>I am paying particular attention to the 10-year treasury yield, I believe Trump&#8217;s policies should reduce it.<br><br>Term premiums should contract as the market gains confidence in the long-term fiscal profile of the US government.<br><br>The government debt plan well is positioned for several quarters.<br><br>China is likely to continue to add to its economic imbalances.<br><br>China really needs more consumption.<br><br>We will examine China&#8217;s non-tariff barriers and currency policies in reciprocal tariffs analysis.<br><br>Trump wants to diversify the sourcing and processing of critical minerals, Australia can play a role.<br><br>Government jobs don&#8217;t generate real long-term wage growth.<br><br>I aim to reduce spending and ease monetary policy at the same time.<br><br>Bank regulations have pushed borrowing to an unregulated financial system but does not see a stability problem.<br><br>I advocate for a 3% fiscal deficit-to-GDP ratio.<br><br>I will come up with a list of industries that need to have secure supply chains including chips and medicines.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Treasury Secretary Scott Bessent reiterated some of President Donald Trump&#8217;s policy goals during a hosted event in Australia on Tuesday. Treasury Secretary Bessent reiterated that tariffs remain a key funding source for the Trump administration&#8217;s plans moving forward, and that Bessent fully believes that the Trump administration will find a way to reduce spending, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":31976,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,37,36],"tags":[],"class_list":["post-112280","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=112280"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112280\/revisions"}],"predecessor-version":[{"id":112285,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/112280\/revisions\/112285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31976"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=112280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=112280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=112280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}