Bloomberg Surveillance
Bloomberg Surveillance TV: December 11, 2024
Dec 11, 2024
French Hill, a Republican Congressman from Arkansas, emphasizes that tariffs are more about long-term spending reform than simply balancing the budget. David Kelly, Chief Global Strategist at JPMorgan, discusses the Fed's balancing act—navigating current economic realities while anticipating future policy shifts. Both guests highlight the implications of recent CPI data on interest rate cuts, with Kelly expressing cautious optimism from CEOs and small businesses about the economic outlook.
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Quick takeaways
- Rep. French Hill emphasizes that tariffs aim to drive long-term spending reform rather than merely balancing the federal budget.
- Experts argue that establishing a clear regulatory framework for digital assets is essential for fostering investment in emerging technologies.
Deep dives
Infrastructure Investment and Legislative Priorities
Recent infrastructure legislation presents significant opportunities for American development, focusing on the challenges of implementing these projects. The GlobalX U.S. Infrastructure Development ETF supports a variety of companies involved in shaping this future, with an emphasis on the importance of transparency and efficiency. As Congress prepares to align itself with the incoming Trump administration's regulatory priorities, the rollback of burdensome regulations from previous administrations is deemed essential. This coordinated effort aims to ensure clarity for innovators while allowing for regulatory improvements that promote investment in essential infrastructure.
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