Bloomberg Talks
John Paulson Talks Trump, Fed Rate Cuts
Sep 5, 2024
John Paulson, founder of Paulson & Co and supporter of Donald Trump's policies, dives into the current U.S. economic landscape, critiquing the Fed for delayed interest rate cuts. He discusses the potential impact of Trump's tax cuts, projecting a $10.5 trillion deficit while examining the benefits for low-income workers. Paulson praises Trump's administration for low inflation and rising wages, advocating for increased energy production. He also explores the intriguing idea of a U.S. sovereign wealth fund, suggesting it could shift the economy from debt to savings.
10:44
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Quick takeaways
- John Paulson supports Donald Trump's economic policies, believing they could strategically stimulate growth and benefit middle-income Americans.
- He criticized the Fed for delaying interest rate cuts, suggesting a more timely approach could enhance economic performance.
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