Morgan Stanley CEO Ted Pick expressed optimism about the U.S. economy and stock market for 2025 during an interview at the Morgan Stanley summit in Singapore. Pick highlighted robust corporate balance sheets, strong consumer spending, and growth-focused signals from the incoming administration as drivers of economic performance. Pick commended the Federal Reserve's cautious monetary policy approach, stating the central bank is unlikely to reverse course on rate cuts. Pick identified geopolitics and policy missteps as primary risks. He warned that President-elect Donald Trump’s proposed import tariffs could stifle growth by exacerbating inflation.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Morgan Stanley CEO Ted Pick expressed optimism about the U.S. economy and stock market for 2025
00:08during an interview at the Morgan Stanley Summit in Singapore. Pick highlighted robust corporate
00:13balance sheets, strong consumer spending, and also growth-focused signals from the
00:18incoming administration as drivers of economic performance. Pick commended the Federal Reserve's
00:23caution to monetary policy's approach, stating that the central bank is unlikely to reserve
00:28and reverse course on rate cuts. Pick identified geopolitical and policy missteps as primary risks.
00:34He warned that President-elect Donald Trump's proposed tariffs on imports
00:38could stifle growth by exuberating inflation.