Former President Donald Trump Says "Trumponomics" Equates To "Low Interest Rates And Taxes."; Says He'll Allow Jerome Powell To Serve Out His Term As Chair Of The Federal Reserve
Portfolio Pulse from Benzinga Newsdesk
Former President Donald Trump stated in a Bloomberg Businessweek interview that 'Trumponomics' equates to 'low interest rates and taxes.' He also mentioned that he would allow Jerome Powell to serve out his term as Chair of the Federal Reserve.
July 16, 2024 | 9:07 pm
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POSITIVE IMPACT
Donald Trump's comments on 'Trumponomics' and his support for Jerome Powell could signal stability in monetary policy, potentially benefiting the SPY ETF.
Trump's endorsement of low interest rates and taxes, along with his support for Jerome Powell, suggests a stable monetary policy environment. This could be positive for the SPY ETF, which tracks the S&P 500, as it may lead to favorable conditions for economic growth and corporate earnings.
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IMPORTANCE 70
RELEVANCE 50