3 Economic Shakeups To Expect During Trump’s Presidency, According to Grant Cardone
Written by
Gabrielle Olya
Edited by
Molly Sullivan
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our products and services review methodology.
20 Years
Helping You Live Richer
Reviewed
by Experts
Trusted by
Millions of Readers
President Donald Trump is proving that he isn’t afraid to shake things up, signing 45 executive orders within the first two weeks of his presidency. And there could be even more changes on the horizon, which Grant Cardone, private equity fund manager and real estate investor, sees as a good thing.
“There’s control back in the White House,” Cardone told GOBankingRates while promoting his 10X California tour, which aims to get California voters to register as Republicans. “There’s a presence, there’s a plan — we’re going to take action.
“There’ll be tremendous transparency,” he continued. “[Trump] will shoot from the hip. He’ll act first, and they’ll figure it out as they go. But he’ll start moving the ball down the field in the direction of success. They’ll have to pivot. They’ll make mistakes, but so what?”
Here are the biggest economic shakeups Cardone expects to see during Trump’s second term.
Reduced Interest Rates
Although Trump can’t force lower interest rates to happen, Cardone believes he will continue making lower interest rates a priority during his term.
“He came out and basically said to Jerome Powell, ‘I demand that you reduce interest rates,'” Cardone said. “Interest rates are a national crisis in our country. They were under 2%, maybe 3%, mortgage rates were 2.8% to 3%, when Donald Trump was in [the White House] last. Now, they’re 7.5% to 8%. He will demand interest rates come down.”
Lower Taxes
Cardone also expects Trump to lower taxes for both individuals and businesses.
“He’s going to reduce taxes for small-business owners, the middle class and everyone,” Cardone said.
Fewer Regulations for Business Owners
Finally, Cardone believes Trump will make it easier for entrepreneurs to establish and grow their businesses.
“He’s going to get regulations out of the way so we can build faster and we can get stuff done,” Cardone said. “You can start a company, and an entrepreneur can take risks.”
Editor’s note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on GOBankingRates.com.
More From GOBankingRates
