Treasury Secretary Scott Bessent says economy may slow

Treasury Secretary Scott Bessent says the economy may slow as part of a ‘detox’ from government spending
Treasury Secretary Scott Bessent said the U.S. economy may be “starting to roll a bit,” as data suggests last year’s red-hot economy may be slowing. Bessent said the Trump administration’s moves to transition the economy to one which emphasizes private spending over public spending may require a “detox” period.
US Treasury's Bessent says economy may slow in shift away from public spending
U.S. Treasury Secretary Scott Bessent said the U.S. economy may go into a "detox period" as it reached a more sustainable equilibrium.
Treasury Secretary Bessent says economy could be ‘starting to roll a little bit'
Describing the economy as inherited is a reference to the administration under then-President Joe Biden. Current President Donald Trump took office on Jan. 20. Under Biden, the U.S. saw generally strong economic growth. However, there were signs of a slowdown in late 2024, and inflation remained above the Federal Reserve's 2% target.
Treasury’s Bessent Defends Tariffs, Warns of a Coming ‘Detox Period’
The Treasury Secretary says that "access to cheap goods isn't the essence of the American Dream." But being profitable to grow and sustain a business is.
Trump treasury secretary warns of 'detox period' slowdown for US economy
Treasury Secretary Scott Bessent warned the U.S. economy could enter a "detox period" as the administration shifts from robust government spending.
Treasury Secretary Scott Bessent: We have let China export their economic system to us
U.S. Treasury Secretary Scott Bessent joins 'Squawk Box' to discuss the state of the economy, U.S. foreign trade relations, economic impact of President Trump's tariffs policy, and more.
Treasury Chief: We May Need 'Detox' on Economy
It's not a word typically applied to the economy, and it may not thrill Wall Street investors. But Treasury Secretary Scott Bessent told CNBC on Friday that the nation's economy may be in need of a "detox.
Treasury secretary forecasts ‘detox period’ for US economy
Treasury Secretary Scott Bessent said Friday the United States economy has become increasingly reliant on excessive government spending, adding, “there’s going to be a detox period.” “The market and the economy have become hooked,
Treasury Secretary Bessent says there's no Trump ‘put,' but their policies should boost market
Investors looking for Trump to use policy to stop the stock market from falling are likely to be disappointed, Bessent said.
Treasury Secretary Bessent: 'I'm not worried about inflation' from tariffs
Treasury Secretary Scott Bessent said that President Donald Trump's tariffs aren't going to cause persistent inflation, but ...
US Treasury's Bessent defends Trump tariff upheaval, vows 'maximum sanctions'
U.S. Treasury Secretary Scott Bessent on Thursday strongly defended the Trump administration's campaign to tear up global ...
Treasury’s Scott Bessent says ‘access to cheap goods’ is not the ‘American dream’
Treasury Secretary Scott Bessent stood by President Trump’s policy plans during a speech delivered to top economists on ...
LARRY KUDLOW: Treasury Man Bessent Talks Growth at the Ziegfeld Ballroom
Treasury Secretary Scott Bessent is a growth guy. And he's making sure to emphasize the importance of President Trump's ...
Treasury Secretary Bessent Weighs In Against Consolidation of Banking Agencies
Scott Bessent is staking out a leadership role for the Treasury Department in the Trump administration’s deregulatory ...
Treasury Secretary Bessent: It Was A Group Decision That Zelensky Needed To Be Moved Out Of The Oval
Treasury Secretary Scott Bessent details the decision to escort Ukrainian President Volodymyr Zelenskyy out of the White ...
Independent Journal Review2d
Scott Bessent Says Tariffs Will Go Up For Any Leader Acting Like ‘Numbskull’ Justin Trudeau
U.S. Treasury Secretary Scott Bessent told Fox Business host Larry Kudlow Thursday that world leaders emulating “a numbskull” ...
U.S. Treasury secretary says to brace for economic pain. One economist thinks he’s underselling the fallout.
Treasury Secretary Scott Bessent says the country will go through an adjustment period after getting hooked on government ...