Investment
Fortune

Tariffs and the $38 trillion national debt: Kevin Hassett sees ‘big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’

Why This Matters

The favorite to become Fed chair says tariffs are an important part of Trump’s economic policy and behind “a lot of the revenue coming into the Treasury.”

December 4, 2025
05:35 PM
4 min read
AI Enhanced
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FinancialBooklet Analysis

AI-powered insights based on this specific article

Key Insights

  • The Federal Reserve's actions could influence market sentiment across sectors
  • Financial sector news can impact lending conditions and capital availability for businesses
  • Consumer sector trends provide insights into economic health and discretionary spending patterns

Questions to Consider

  • How might the Fed's policy stance affect borrowing costs and economic growth?
  • Could this financial sector news affect lending conditions and capital availability?
  • What does this consumer sector news reveal about economic health and spending patterns?

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