US Bessent: If Trump thought inflation was a problem, he’s be willing to have rate hikes

• Hope the Fed catches up
• We will see if the Fed is neutral or accomodative
• Trump thinks the Fed is behind the curve
• Now going to start working on affordability
• Front end of the curve is inverted
• Expect we will see inflation starting to come down
• Long end is very well anchored

On Miran:

• Plan is for him to come back to CEA

On Bullard:

• He knows the Fed very well
• Had a good session

On Tariffs:

• Confident Supreme Court will back administration
• Lots of other authorities we can use
• Tariffs will help us pay down the debt

On China:

• Talks were done with great respect, very fulsome
• China had long list of asks
• Trump made it clear he was willing to let it go dark (TikTok)
• Expressed disappointment on Nvidia to China
• Anticipate we have a deal
• Anticipate final deal after Trump, Xi talk on Friday
• Talks are becoming more productive
• The Chinese sense a deal is possible
• The next meeting with China is in Frankfurt

This article was written by Giuseppe Dellamotta at investinglive.com.