{"id":127883,"date":"2024-11-20T03:56:59","date_gmt":"2024-11-19T20:56:59","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=127883"},"modified":"2024-11-20T03:56:59","modified_gmt":"2024-11-19T20:56:59","slug":"trumps-treasury-challenge-a-pick-who-loves-tariffs-yet-calms-markets","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=127883","title":{"rendered":"Trump\u2019s Treasury Challenge: A Pick Who Loves Tariffs Yet Calms Markets"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The conflicting goals of President-elect Donald J. Trump\u2019s economic agenda have been playing out as he <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/11\/17\/us\/politics\/trump-treasury-candidates.html\" title=\"\">debates whom to choose as his Treasury secretary<\/a>, a job that will entail steering tax cuts through Congress, leading trade talks with China and overseeing the $30 trillion U.S. bond market.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Budget experts have warned that his plans <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/10\/07\/us\/politics\/trump-economic-plans-debt-costs.html\" title=\"\">could add as much as $15 trillion<\/a> to the national debt while increasing inflation and slowing growth. But Mr. Trump is not in the market for a naysayer. After a first term in which some of his top economic aides tried to tame his protectionist impulses, Mr. Trump is seeking a Treasury secretary who will carry out his unconventional plans while still having the credibility to keep markets buoyant.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">That mix of qualities is not easy to find.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cI think Trump has a problem in that he wants two different things,\u201d said Lawrence H. Summers, who served as Treasury secretary in the Clinton administration. \u201cHe wants somebody who will be deeply loyal, and he wants someone who will be deeply reassuring to markets. Since markets are fearful of the tariff agenda, it\u2019s hard to square both things.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In recent days, Mr. Trump has been considering several candidates for the job, and their prospects have been rising and falling by the hour, according to people familiar with the deliberations.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">The current front-runners are Scott Bessent, the billionaire hedge fund manager, and Kevin Warsh, a former Federal Reserve governor. Marc Rowan, the chief executive of Apollo Global Management, is also in the running, while Howard Lutnick, Mr. Trump\u2019s transition co-chairman and the chief executive of Cantor Fitzgerald, appeared to fall out of favor for that post and <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2024\/11\/19\/us\/politics\/howard-lutnick-trump-commerce-secretary.html\" title=\"\">was tapped on Tuesday to serve as commerce secretary<\/a> instead.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2024\/11\/19\/us\/politics\/trump-treasury-secretary-tariffs.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The conflicting goals of President-elect Donald J. Trump\u2019s economic agenda have been playing out as he debates whom to choose as his Treasury secretary, a job that will entail steering &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=127883\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8629],"tags":[],"class_list":["post-127883","post","type-post","status-publish","format-standard","hentry","category-u-s","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127883","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127883"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/127883\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127883"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127883"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127883"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}