Treasury's Lavorgna is speaking to Reuters and says:

  • Expecting more growth in 2026 driven by measures emerging from the Trump tax act.

  • Already starting to see the capex cycle turn up, signaling improving investment momentum.

  • Full expensing rules for factories expected by year-end, supporting business investment and equipment spending.

  • Trump policies focused more on supply-side stimulus compared with Biden’s approach.

  • President takes affordability concerns seriously, highlighting cost-of-living as a policy priority.

  • Monetary policy has been to theo tight.

  • We won't need a 50 year mortgage if the Fed was lower rates.

  • 2000 rebate of tariffs would require congressional approval, uncertain of its status

  • We may not need it if the growth backdrop is as strong as I think it will be.

  • It appears we moved close to 4% GDP growth in Q3.

  • Don't see any tariffs as being inflationary, inflation is rooted in services..

  • Seeing tariffs absorbed in margins.

Source: Investing Live