Paul Ryan Praises Trump’s Economic Picks

DAVOS, Switzerland (Reuters) – Paul Ryan, the former Speaker of the U.S. House of Representatives, commended President Donald Trump’s choices for economic personnel and emphasized the importance of managing the nation’s growing debt.

Ryan, who is the vice chairman of the strategy and communications firm Teneo, stated to Reuters on Wednesday that the U.S. administration is “off to a good start, with first-round draft picks in the economic policy roles.”

He pointed out that Trump might face challenges from investors, known as bond vigilantes, who could become a significant check on his policy agenda, as mentioned by several former U.S. and foreign policymakers.

The yield on 10-year U.S. Treasury bonds has increased by about a percentage point since a low in September.

“There could be a hiccup in the bond market down the road — I’m sure that’s at the front of Scott Bessent’s mind,” Ryan noted, referring to Trump’s appointee for Treasury secretary.