The underlying economy is in good shape, says Huntington Bancshares CEO Steve Steinour

Monetary Policy & Inflation - The Fed's current approach is considered prudent, aiming to avoid premature easing of rates that could reignite inflation, reminiscent of the early 1980s when a double-dip recession occurred after the Fed provided relief too quickly, leading to a surge in rates to 21% [2][3] Economic Outlook - The underlying economy is perceived to be in good shape, supported by strong credit quality, which is expected to continue into the current quarter [3] - Resolution of tariff uncertainties within the next month or two is anticipated to further strengthen the economy [3] Fiscal Policy Impact - The passage of "the big beautiful bill" (likely referring to tax legislation) is expected to have a positive impact [3][4] - Accelerated depreciation provisions within the bill are projected to unleash trillions of dollars in spending, particularly benefiting onshore manufacturing and expansions, with significant economic activity expected from 2026 onwards [5] Investment & Finance - The accelerated depreciation provision is viewed favorably by equipment financiers, with one company identifying as the fourth or fifth largest in the country [5]