Franklin Templeton CEO says meaningful tax cuts, tariff progress would calm markets

By Suzanne McGee

May 5 (Reuters) - Jenny Johnson, CEO of Franklin Templeton BEN.N, said she believes signs of "meaningful" progress on tax cuts and tariff negotiations with U.S. trading partners would help to calm turbulent markets.

Speaking to an audience at the Milken Institute's global conference, Johnson said "the market would like to see a couple of deals cut to know that the U.S. really intends to play ball."

Johnson added that she believes the U.S. is on a "concerning path" in terms of the country's ballooning national debt.