US Treasury Official Links Economic Boom to Trump’s Supply-Side Policies

Treasury Department counselor Joe Lavorgna describes current growth as a disinflationary capital expenditure boom, suggesting a case for lower interest rates.

Summary

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Terms & Concepts
  • Capital Expenditure (CapEx): Funds spent by a company or government to acquire, upgrade, or maintain physical assets such as property, buildings, or equipment.
  • Supply-Side Policies: Economic strategies aimed at increasing production by reducing regulations, lowering taxes, and encouraging investment.
  • Disinflation: A slowdown in the rate of inflation, indicating prices are still rising but at a reduced pace.