Yahoo Finance, 4/16/25
https://finance.yahoo.com/news/treasury-secretary-scott-bessent-to-americas-biggest-ceos-stop-worrying-121627070.html
"We're going to have a lot more clarity on the way forward [on tariffs] over the next 90 days," Bessent told Yahoo Finance in an interview on Tuesday. Bessent added, "They'll [CEOs] also have clarity on tax and on deregulation. I remember in 2017 I heard a lot of the same things because the tax deal wasn't done until right before Christmas in 2017.
. . . Bessent said about the recession concerns from Dimon and Solomon: "Look, that's their job is to be concerned. But again, I think that there is all this chatter on tariffs and what we're worried about. And, you know, I come from Wall Street, I think Wall Street can continue to do great, but we are focused on Main Street."
(emphasis added)
Yeah, tell me how great things are on Main Street. And Wall Street continuing to do great? Huh? S&P 500 is down 8.8% from the election day close and down 12.0% from the inauguration eve close. Replace the minus signs with "+" signs and I will be truly impressed.
TIMELINE of TARIFF THREATS AND ACTIONS in this article for people attempting to keep up.
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