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 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.
Trump Treasury secretary says economy slowdown just ‘detox’ as government spending switches to private sector
Donald Trump’s new Treasury secretary blew off the apparent slowdown in the nation’s economy as nothing more than “detox” as government spending switches to 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 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 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 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 delivers startling message on U.S. economy
As a result, consumer confidence has plummeted, casting a big shadow over what could happen to the U.S. economy next. ⏰Get ...
‘Cheap goods’ aren’t part of the American Dream, Trump’s treasury secretary says
In a recent speech, Scott Bessent threw more cold water on a Trump campaign promise to lower the cost of living.
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 ...
Housing will ‘unfreeze’ in weeks, new Treasury Secretary says
Scott Bessent said he expects the US housing market to pick up steam after recent indicators came in below forecasts.
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 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 ...
Treasury Secretary: ‘Access to Cheap Goods Isn’t the Essence of the American Dream’
“Access to cheap goods is not the essence of the American dream,” Bessent told the Economic Club of New York. “The American ...