The US can 'grow out of this mess': Economist

Former Council of Economic Advisers chair Kevin Hassett reacts to former President Trump pledging to end the inflation crisis during the Republican National Convention on 'Kudlow.'

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

[OliverLiam-pxvx]

It's quite concerning to see the various challenges our economy is facing right now, from uncertainties to housing issues, bad weather conditions, foreclosures, global fluctuations, and the aftermath of the pandemic, all contributing to instability. The rising inflation, slow growth, and trade disruptions definitely require immediate attention from all sectors to bring back stability and promote growth. How do you think these issues can be effectively addressed?

[Jersderakerguoe]

The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?

[RolandWingo]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid economy crisis, and even pull it off easily in favorable conditions. Unequivocally, the collapse is getting somebody somewhere rich

[WillPerry-br]

*Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Laura, and her helpful guides*

[sarawilliam]

More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.

[helix]

But the Dems never talk of reducing their spending. Idiocy.

[skipperford]

The question is if Trump creates more revenue than we need well the Congress Spand it on unnecessary items

[freddykagin]

Trump is right on about what he is saying,

[onemercilessming]

Sadly, it won't help those of us who worked our whole lives and saw our retirements dwindle to penury. Thank you Democrats and Biden.

[NZ_Kiwi]

Yes, America can reverse the mess and delete the last 4 yrs and start again and get back in track ❤ Trump 2024 🎉

[saltydog]

You can't grow your way out of a Ponzi! Interesting times 😢

[MarkDorvee]

Most people are taught that "you only need a good job to become rich". These billionaires are operating on a whole other playbook that many don't even know exists

[nhmooytis]

We’d have to grow up first. A nation of adolescents.

[jimdandy]

...the revenue from ANWR could pay off the national debt...

[nickmhc]

Blanket tax cuts aren’t as effective as targeted. The richest are already flush with cash and don’t invest it (not enough good companies to invest in).

The biggest job creators are small businesses, you need to target that imo

Also return the child tax credits to incentivize family formation

[tedc]

Explain to me how you can grow out of 36 trillion dollars debt. ??? By any imagination we won't pay off the debt.
In the real world we are bankrupt. The entire country is not worth 36 trillion..

[matthewjohnston]

The US cannot grow, tax, borrow or print its way out of this mess.

[DJ-.]

How they "make that claim" of Trump inflation? They're praying, to whatever God they pray to!

[mrobinson]

Fox Business, Gentlemen - YES! It IS possible to grow out of inflation!

Am here in Nigeria with 24-34% inflation this yr alone! This was the strategy I applied iny biz!

Sure you need to apply exps tracking & reduction almost everywhere BUT this is very possible 'cause it worked for me in a worse economy & higher inflation no.

[GrumpyPolecat]

Biden plagiarizing Nixon? Say it ain't so Joe!

Stick with 'I am not a crook.'