What Will Trump Do About The Fed, The Debt Ceiling, And Trade: His Key Economic Advisor Explains

One of the biggest open questions troubling Wall Street traders (and everyone else) in addition to which of his close allies (and in the case of Mitt Romney, not so close) will the president-elect pick to staff the most important political posts in the new administration, is what are the details of Donald Trump’s economic plan, especially as it involves the Fed, Trade, and the future of US national debt.
An answer came courtesy of one of Trump’s key economic advisors, David Malpass, who has been tasked with overseeing the transition for the Treasury Department and economic policy. Last month, Malpass addressed a group of economists and reporters in Washington, laying out the core Trump vision ahead of his election.
While some of the core tenets may have changed, the focus remains the same (as confirmed by Steve Bannon’s interview from Friday). Courtesy of the WSJ, here are excerpts of his remarks on a range of economic policy subjects facing the incoming Trump administration:
On renegotiating the North American Free Trade Agreement:

This post was published at Zero Hedge on Nov 21, 2016.