Reported 2 days ago
U.S. Treasury Secretary Scott Bessent cautioned that the economy may face a slowdown as it shifts from public spending to private sector-driven growth, describing the transition as a necessary 'detox period.' He expressed confidence that with the right policies, this shift could be smooth and aimed at sustainable economic growth without significant pain. Bessent also highlighted the need for certain tariffs to address global economic imbalances and reaffirmed the administration’s commitment to a strong dollar policy.
Source: YAHOO