In this episode of Squawk Pod, Scott Bessent, a prominent economic advisor to President-elect Donald Trump, shares his insights on the administration's economic policies. He emphasizes the importance of reducing the deficit through deregulation, achieving energy dominance, and implementing targeted spending cuts. Addressing inflation concerns, Bessent argues that well-planned tax cuts and tariffs could actually help reduce inflation over time rather than exacerbate it. He also discusses the future of the Federal Reserve, advocating for an early nomination of the next chair to facilitate smoother transitions in policy.
