Treasury secretary warns U.S. could enter “detox period” | The Excerpt
Plus: President Donald Trump threatens Russia with sanctions. American liquor, wine and spirits pulled from Canadian shelves in response to tariffs.
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.
Secretary Treasury Bessent says there's no Trump 'put'
President Donald Trump takes in a lot of information every day and isn't just focusing on stock markets to determine his policies, Treasury Secretary Scott Bessent said Friday during a televised interview.
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 Scott Bessent shrugs off Wall Street’s Trump tariff ‘selloff’
Bessent told Fox & Friends that the commander-in-chief’s top priority is living the living standards of ordinary Americans
Markets in freefall, but Treasury Secretary Scott Bessent’s short and sharp three-word take says it all; here's what he said
US Treasury Secretary Scott Bessent provided a reality check on the current stock market fall, suggesting that a market rally would result from a natural bounce rather than any support from the Trump administration.
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,
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 Scott Bessent: Tariffs are a 'one-time' price adjustment
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 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 Scott Bessent is pouring cold water on the hot economic numbers of the Biden administration, claiming that growth was ‘brittle underneath’
GDP expanded by 2.8% and the private sector added 1.5 million jobs, but Trump’s Treasury secretary told a conference audience ...
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No 'Trump Put,' but policies expected to support markets, says Treasury Secretary Bessent
Speculation about a so-called "Trump put"—where the administration might step in to support the market—was rejected by ...
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 ...
Treasury Secretary Scott Bessent sees inflation plummeting to the Federal Reserve’s 2% target despite Trump’s tariffs
Bessent blamed “four years of disastrous policies,” for scorching inflation, claimed the current administration was working ...
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 ...