Gevin Reynolds: Wall Street ‘Very Happy’ with Bessent, But What About Main Street?
RUSH EXCERPT:
REYNOLDS: "I think it‘s pretty clear that data is very clear that tariffs will have a very detrimental impact on our economy here. Why? Because it‘s going to raise prices for consumers. Companies are certainly going to pass on those cost increases to the end consumers. And you know Donald Trump at the same time is running as someone who‘s a champion of the working class, whereas his economic policies seem to be very far from that. So I‘m curious to see what sorts of policies is Scott Bessent someone as Scott just pointed out, are Scott just pointed out, has made, you know, Wall Street very happy. Is he going to make Main Street happy? That‘s going to be a question that we‘re going to find out very quickly the answer to if he gets confirmed."
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