Counselor to @SecScottBessent @Lavorgnanomics: The real story was the consumer spending numbers. These are Trumpian-type numbers. We’re going to get these huge increases, and I said, you know, we’re going to see GDP marked up. Sure enough, the widely followed Atlanta Fed—which I highlight a lot because they’re nonpartisan, they’re objective—has GDP at 3.9%. That is 4%-ish GDP following nearly 4% growth last quarter, which is exactly what @POTUS said would happen. It’s what Secretary Bessent has been advocating, and it’s in an environment where inflation is coming down. The benefits from the tax bill have yet to be felt. So, the forward is great once the One Big Beautiful Bill kicks in and these big tax cuts for middle- and lower-income consumers are felt in ‘26.
