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.
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