Bessent Says Boom Times Ahead (Just Wait a Little Longer)

Cheddar News

Treasury Secretary Scott Bessent insisted the U.S. is not headed for a 2026 recession and predicted Americans will soon feel the benefits of the administration.

Transcript

00:00Treasury Secretary Scott Besson insisted the U.S. is not headed for a 2026 recession

00:04and predicted Americans will soon feel the benefits of the Trump White House's tax and trade policies.

00:10Besson pointed to the phased-in provisions of the big, beautiful bill,

00:14including permanent 2017 tax cuts and targeted breaks for seniors, tip workers, and borrowers,

00:20all as future drivers of non-inflationary growth.

00:23While Besson acknowledged weaknesses in housing and other rate-sensitive sectors,

00:27he argued falling energy prices will help cool inflation,

00:31even as a congressional impasse threatens to raise health care costs.

00:35Public sentiment remains mixed, with polls showing many Americans feel strained by the economy.

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