Speaking to reporters on Sunday, Treasury Secretary Scott Bessent supported Trump’s government spending cuts, stating that the administration is not ruling out the possibility of a recession.
Bessent echoed President Trump by assuring the public that the recent economic situation is “normal,” stating, “I can tell you that corrections are healthy.”
Earlier this month, the President told Congress, “Tariffs are about making America rich again and making America great again… There’ll be a little disturbance, but we’re OK with that. It won’t be much.”
Bessent, who served on the executive team at Key Square Group and has been in the investment banking sector for over 35 years, said, “I‘m not worried about the markets. Over the long term, if we put good tax policy in place, deregulation and energy security, the markets will do great.”
Bessent noted, “We are putting the policies in place that will make the affordability crisis go down, inflation moderate and as we set the sails I am confident that the American people will come our way.”
The Treasury Secretary’s comments come just days before Federal Reserve officials are scheduled to meet this week.
By CEO NA Editorial Staff
