Commerce Secretary Howard Lutnick, a Wall Street veteran and Trump appointee, delivered a bullish forecast for American manufacturing in a recent Fox Business interview, signaling a major economic upswing in the latter half of 2026. “The Big Beautiful Bill starts January 1st... the factories are going to come online. You are going to see job numbers in the second half of next year that are going to blow you away,” Lutnick stated, highlighting the expected impact of the House-passed GOP measure.

The legislation, informally dubbed the “One Big Beautiful Bill,” provides accelerated depreciation and significant incentives for U.S. factories, encouraging domestic production and reshoring of critical industries. By reducing costs and streamlining investment, the bill is designed to jumpstart manufacturing while creating tens of thousands of high-paying American jobs. Lutnick tied the legislation directly to the long-term stabilization of inflation and broader economic growth, emphasizing that domestic production is a cornerstone of sustainable prosperity.

In his interview, Lutnick also urged the Federal Reserve to consider at least a 100-basis-point reduction in interest rates to complement the legislation, asserting that lower borrowing costs will further accelerate factory investments and hiring. The Secretary painted a picture of a revitalized manufacturing sector, with American factories reopening, supply chains strengthening, and millions of workers benefiting from increased employment opportunities.

Supporters of the Trump administration see the bill as a decisive step toward restoring U.S. industrial dominance while promoting economic security and independence. Beyond jobs, the legislation is expected to enhance competitiveness, reduce reliance on foreign manufacturing, and provide a tangible boost to communities historically reliant on American factories.

As the bill takes effect at the start of 2026, economists and business leaders will be closely watching the resulting shifts in employment, production output, and overall economic confidence. For Americans eager to see tangible results from pro-growth policies, Lutnick’s forecasts offer a compelling vision of a manufacturing renaissance fueled by smart legislation, strategic incentives, and a commitment to American prosperity.