Former Goldman Executive Comments On New Treasury Secretary's Economic Strategy

According to Odaily, Raoul Pal, the founder of macroeconomic research firm Real Vision and a former executive at Goldman Sachs, recently shared insights on social media platform X regarding the economic strategy of the newly appointed U.S. Treasury Secretary, Scott Bessent. Pal highlighted Bessent's support for a weaker dollar and lower oil prices as a means to stimulate both the U.S. and global economies. Pal emphasized that this approach is crucial for influencing financial conditions, suggesting that Bessent's policies could have a positive impact on consumers' finances. Drawing from his long-standing acquaintance with Bessent, Pal expressed confidence in the Treasury Secretary's understanding of these economic dynamics. The focus on currency devaluation and oil price reduction is seen as a strategic move to foster economic growth, reflecting a broader vision for enhancing financial stability and prosperity.