Howard Lutnick: “Interest rates are going to drop 150 basis points during his…”

“This is a sharp decline in consumer confidence in the stock market. Inflation is ticking back up. Let Donald Trump is going to balance the budget of the United States of America. Interest rates are going to drop 150 basis points during his term. Oil and our gas prices are going to come smashing down. Egg prices come smashing down. As these things happen, you are going to see the greatest resurgence in the United States of America you have ever seen.” (12:41–12:46)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.