Recently, sixteen Nobel Prize-winning economists penned an open letter criticizing potential tariffs and immigration policies under a second Trump presidency and the lasting impacts they could have on US inflation.
Key Square Group founder and former Soros Fund Management CIO Scott Bessent spoke to Yahoo Finance about his feelings over the economy and how he disagrees with many economists and financial experts, including Morgan Stanley’s Mike Wilson, over their viewpoint.
Bessent believes that Trump’s potential policies will aid where Biden has failed, criticizing the current economy under the Biden administration: “I thought it was a tone-deaf remark by [Treasury] Secretary Yellen, last week, when she said that she hadn’t personally seen inflation at the grocery store. But the vibe session failed. So now we’re in part three, and part three is conjuring a monster that somehow Trump 2.0…
