Treasury Secretary Scott Bessent says economy may slow

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.
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.
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.
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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.
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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 Secretary Scott Bessent is pouring cold water on the hot economic numbers of the Biden administration, claiming that growth was ‘brittle underneath’
As proof, Bessent claimed the bulk of the job growth over the past 12 months took place within government and in sectors like ...
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Treasury Secretary Scott Bessent said that President Donald Trump's tariffs aren't going to cause persistent inflation, but ...
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 ...
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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’
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FOX Business Network's Larry Kudlow interviewed Trump Treasury Secretary Scott Bessent Thursday at The Economic Club of New ...
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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” ...