US’ Bessent: Policy priority will be to deliver on Trump’s various tax-cut pledges
FXStreetNov 25, 2024 4:59 AM
Following his selection as the US Treasury Secretary, Scott Bessent said in his first interview with the Wall Street Journal (WSJ) that making President-elect Donal Trump’s first-term tax cuts permanent.
Additional quotes
“Eliminating taxes on tips, social security benefits and overtime pay.”
“Enacting tariffs and cutting spending will also be a focus, as will maintaining the status of the dollar as the world’s reserve currency.”
Market reaction
The US Dollar Index maintains its downside consolidative mode following these comments, losing 0.58% on the day to trade just below 107.00.
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