reply The next U.S. administration may use “three arrows” to boost the economy

Reference news network reported on December 15, according to the United States “New York Times” website reported on December 13, more than a decade ago, Japan's Prime Minister Shinzo Abe for the revitalization of Japan's economy launched the so-called “three arrows” economic strategy, through the relaxation of monetary policy, increase government spending and adjust the structure of the economy to eliminate deflation, so as to promote economic growth. Growth.　　U.S. President-elect Donald Trump may soon offer his own “three arrows”. Trump's nominee for Treasury Secretary Scott Besant has developed a three-pronged plan to boost the U.S. economy, which has been plagued by low inflation and output. The “3-3-3 plan” put forward during the election campaign refers to the U.S. economic growth rate to 3%, cut the budget deficit to 3% of gross domestic product, and increase U.S. oil production by 3 million barrels per day, or the equivalent of this level.　　Besant, a veteran hedge fund investor, has been an admirer of “Abe's economics” while serving as Soros' chief money manager. During his tenure, he met regularly with Shinzo Abe's advisers and traveled between New York and Tokyo every month. He is also known for his shorting of the yen.　　Bessent wrote in 2022: “I came to believe then that Abe and his circle of advisers would devote all the resources of the prime minister's office to this multi-pronged and difficult task.”　　While Trump made broad economic promises on the campaign trail, proposing to stimulate the economy, cut debt and free up energy capacity, Besant's initiatives provide a more specific scorecard for measuring the Trump administration's economic performance.　　Reaching these goals will not be easy, however, and will depend on a variety of factors, including the strength of GOP tax cuts, the extent to which Trump raises tariffs, and the amount of oil demanded in global markets.　　Jason Furman, a professor of economics at Harvard's Kennedy School and former chairman of the Obama administration's Council of Economic Advisers, said, “I think it's good for policymakers to have a clear set of goals. But the goals have to be realistic. There's a gap between what's possible to achieve and what's certain to be achieved.”　　Economists had warned during the U.S. presidential campaign that Trump's policies could add $15 trillion to the U.S. debt over a decade while stunting economic growth and rekindling inflation from higher tariffs.　　Trump dismissed those claims and argued that his policies would usher in a new “golden age” for the United States. During his first term in office, Trump said his tax cuts and deregulation programs would put the U.S. economy on track to grow at 6 percent. In the end, however, economic growth reached only 3 percent, a level that Besant had hoped to achieve this time around.