Scott Bessent says the U.S. economy is detoxing but that doesn’t mean there will be a recession: ‘I’m not concerned about a little bit of volatility over three weeks’
But Treasury Secretary Scott Bessent, who was a hedge-fund chief prior to his political appointment, isn’t worried. “I’m not ...
Treasury secretary dismisses market volatility amid Trump economic moves
Treasury Secretary Scott Bessent said market volatility doesn't matter much as the Trump administration focuses on long-term ...
Treasury Secretary Bessent says he’s not concerned about the current stock market volatility
Treasury Secretary Scott Bessent on Thursday played down the recent weakness in the stock market, saying the White House was ...
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 ...
Bessent dismisses tariff inflation fears, citing falling oil prices, U.S. bond yields
U.S. Treasury Secretary Scott Bessent on Thursday brushed off fears that the Trump administration's tariff hikes will lead to ...
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 ...
Bloomberg L.P.14d
Bessent Says Housing Will ‘Unfreeze’ in Weeks, Sees 2% Inflation
Treasury Secretary Scott Bessent said he expects the US housing market to pick up steam after recent indicators came in below forecasts, and sees potential for inflation to return to the Federal ...
Bloomberg L.P.15d
Bessent Gets His Lower Bond Yields But for the Wrong Reasons
He is a CFA charterholder. Earlier this month, Treasury Secretary Scott Bessent said he was focused on bringing down 10-year Treasury yields. That’s a righteous goal that could serve Americans ...
The Straits Times17d
Treasury’s Bessent vows to re-privatise a US economy that is ‘brittle underneath’
Asked about how Australia, which has a free-trade agreement with the US, was doing in this regard, Mr Bessent said, “so far, so good, but I’m not USTR”, referring to the Office of the US ...
Bloomberg L.P.17d
US Secretary Bessent to Talk Tariffs with Australia’s Treasurer Chalmers
Australian Treasurer Jim Chalmers said that he had “very constructive” talks with US Treasury Secretary Scott Bessent in Washington, and that they continued the conversation on tariffs.