Latest news with #JoeLavorgna
Fox News
4 days ago
- Business
- Fox News
Trump admin official analyzes the public's response to Trump's economic success
Counselor to the Treasury Secretary Joe Lavorgna discusses approval ratings for President Donald Trump's economy on 'The Ingraham Angle.'
CNBC
6 days ago
- Business
- CNBC
Expect the capex trajectory to remain very strong, says Joe Lavorgna
CNBC's Steve Liesman and Joe Lavorgna, Counselor to Treasury Secretary Scott Bessent, join 'Squawk Box' to discuss the country's capex boom, what's behind the increase in capex, impact of tariffs on capital, U.S.-Japan trade deal, impact on other U.S. trade negotiations, and more.
CNBC
30-06-2025
- Business
- CNBC
The markets are telling us a message of growth and optimism, says Joe Lavorgna
Joe Lavorgna, Counselor to Treasury Secretary Scott Bessent, joins 'Squawk Box' to discuss President Trump's reconciliation bill, Elon Musk's criticism of the bill, impact of tariff uncertainty, state of U.S. trade negotiations, and more.
Yahoo
18-06-2025
- Business
- Yahoo
Trump administration says blue-collar wages rising fastest in more than 50 years
The Trump administration is touting gains made by blue-collar workers in the first few months since the start of President Donald Trump's term began in January. Administration officials noted that blue-collar wages – which are defined as nonsupervisory and production workers – have risen at an annual rate of 1.7% in the past five months. That gain represents the largest increase in pay for blue-collar workers under any administration dating back to 1968. It's also larger than the boost seen by such workers at the start of Trump's first term. Treasury Secretary Bessent: 'I'm Not Worried About Inflation' From Tariffs They also noted that the year-to-date gain is more than twice as large as the previous record set during the year Richard Nixon was elected. Officials attributed the gain in blue-collar wages to the impact of falling inflation, which has boosted take-home pay and, in turn, their living standards. Read On The Fox Business App The administration also believes that the passage of the Republican tax cut package, referred to as the "One Big, Beautiful Bill," will help reduce inflation while speeding up wage gains like what occurred during Trump's first term. Counselor to the Treasury Secretary Joe Lavorgna, during an appearance on Kudlow on Tuesday afternoon. Larry Kudlow made the point that wages are rising faster than prices and asked, "Why is this happening now?" "Larry, we we saw it when I worked for a very important person that was the director of the National Economic Council. You can guess who that was, and we saw a historic boom in blue-collar wages," Lavorgna said. He was alluding to Kudlow who headed up the NEC from 2018 to 2021. Lavorgna added, "And we're clearly building upon that now, thanks to the president's policies and the One Big, Beautiful Bill and when that's passed will solidify the supply-side growth initiatives that the president's put forward and that the Treasury secretary is working to implement. And the blue-collar boom will broaden and get even bigger." When asked about economic growth, pointing out the Atlanta GDP was tracking a possible GDP growth rate of 3.5% in the second quarter, Lavorgna said, "What really struck me was the import price data, which shows absolutely no tariff pass through at all. In fact, when you look at the changes in import prices from China, Canada and Mexico, what you see is actually prices declining since the president put those tariffs initially in place."Original article source: Trump administration says blue-collar wages rising fastest in more than 50 years
CNBC
30-05-2025
- Business
- CNBC
To cut or not to cut? Experts debate the Fed's next steps
Joe Lavorgna, SMBC Nikko Securities America chief economist and former Trump White House NEC chief economist, and Natasha Sarin, Yale professor and former Biden Treasury Department official, join 'Squawk Box' to discuss the state of the economy, April PCE inflation data, the Fed's inflation fight, and more.
