Why Trump economic advisers are more focused on Wall Street than the Fed

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Why Trump economic advisers are more focused on Wall Street than the Fed

//business-finance.news-articles.net/content/202 .. re-more-focused-on-wall-street-than-the-fed.html

Published in Business and Finance on Wednesday, February 19th 2025 at 4:40 GMT by AOL
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

National Economic Council director Kevin Hassett hopes to bring down borrowing costs via 10-year Treasury yields, echoing the stance of Treasury Secretary Scott Bessent.

165x110/3898 Bytes

The article from AOL Finance discusses the reasons behind the increased influence of Donald Trump's economic advisers as the 2024 election approaches. It highlights that Trump's economic team, including figures like Larry Kudlow and Stephen Moore, are gaining prominence due to several factors: the persistent economic issues like inflation and potential recession fears, Trump's focus on economic messaging to appeal to voters, and the need to counter President Biden's economic policies. The advisers are pushing for policies like tax cuts, deregulation, and a return to America First trade policies. Their influence is also seen as a strategic move to solidify Trump's base by emphasizing economic achievements during his presidency, such as low unemployment rates and stock market highs, while criticizing the current administration's handling of the economy. This strategic emphasis on economic policy is part of a broader campaign to frame the election around economic competence and voter pocketbook issues.

Read the Full AOL Article at:
[ https://www.aol.com/finance/why-trump-economic-advisers-more-090031243.html ]