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 is slowing. Bessent said the Trump administration’s moves to transition the economy to one that emphasizes private spending over public spending may require a “detox” period.
Treasury Secretary Scott Bessent: I'm a big proponent of U.S. taking the worldwide lead in crypto
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, strength of the U.S. dollar,
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 Scott Bessent Says US Should Take Worldwide Lead in Crypto, Strive To ‘Bring It Onshore’
Treasury Secretary Scott Bessent says that the US should become a global leader in digital assets. In a new interview with CNBC, Bessent says the United States should welcome crypto-related businesses into the country and take a leadership role in the industry.
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.
Bessent Warns of ‘Detox Period’ for Economy, Touts Trump ‘Call’
Treasury Secretary Scott Bessent warned that the US economy may see some disruption as the Trump administration shifts the basis for growth away from the government and toward the private sector.
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 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’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 ...
After Israel’s finance minister meets Bessent, Jewish state aims to boost a resilient wartime economy
As Treasury Secretary Scott Bessent and Israeli Finance Minister Bezalel Smotrich met last week to enhance economic relations between both countries, where does Israel stand economically?
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Scott Bessent uncovers how European countries still buy Russian energy
Since the beginning of the war, countries have sanctioned Russia, but Trump implied there is a loophole that allows some ...
Futures Give Up Gains After Bessent Flags Spending Cuts
Stock futures gave up most of their early gains after Treasury Secretary Scott Bessent said markets and the economy would have to adjust to the Trump administration cutting government spending. Dow ...