As we look ahead to the shifting political landscape, much regulatory uncertainty surrounds President-elect Donald Trump’s incoming administration. Scott Clemons, BBH partner and chief investment strategist, joins Josh Lipton and Alexandra Canal on Market Domination to offer his insights on the economic outlook under this new phase. “I think it’s safe to say that we’re entering a new phase of deregulation,” Clemons says. “What’s also uncertain is how much [Trump] can accomplish by executive order … and how much he’s going to need to rely on Congress.” Regarding tariffs, Clemons notes, “If he steps in and proposes blanket tariffs as a matter of economic policy … I think he’ll end up getting his way.” The strategist predicts no rate changes will occur when the Fed meets next week, and notes that two months will pass until the next Fed meeting. “I think that March 19th meeting, which I’ve circled in red on my calendar, it’s probably the most important Fed meeting of the year,” Clemons explains. “That’s going to give us some indication as to how the Fed sees that balance of potential rising inflationary pressures, but also some economic storm clouds gathering.”
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