Hartnett On Bessent's 'Quasi QE: "Success is Expected, Failure Is Unthinkable"

Back when Trump was moving into the White House in late 2024, his Treasury Secretary Scott Bessent, who last week was in the headlines quite a bit more than he may have wanted, unveiled his "3-3-3" economic framework plane meant to stabilize and reduce the national debt relative to GDP through three core targets to be achieved by 2028: 

• 3% GDP Growth: Reaching and maintaining an average annual real economic growth rate of 3%.
• 3% Deficit Target: Lowering the federal budget deficit down to 3% of gross domestic product (GDP).
• 3 Million Barrels of Oil: Increasing domestic daily oil production (or equivalent energy sources) by 3 million barrels