Economy News Trump Ally Bessent Says Stocks Will Fall On ‘precarious’ Economy
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Scott Bessent says real affordability relief, 'substantial drop' in inflation coming soon
Treasury Secretary Scott Bessent predicts inflation relief and tax refunds for Americans in 2026, forecasting a "bountiful" economic year ahead for Main Street and Wall Street. Read More
US to overhaul financial stability watchdog to focus on economic growth, Bessent says
The Trump administration is overhauling a government watchdog charged with monitoring risks to the financial system to focus more on ways to boost economic growth and the "undue burdens" imposed by ... Read More
No Recession Risk for US Economy as a Whole After $11 Billion Shutdown Hit, Bessent Says
WASHINGTON (Reuters) -Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth ... Read More
Voters feel Trump admin is hurting more than helping on the economy: poll
WASHINGTON — Nearly half of registered voters say President Trump’s economic policies are doing more harm than good, according to a blistering new poll that also shows an overwhelming majority blame ... Read More
Bessent: No recession risk for U.S. economy after shutdown
The Trump administration also plans an announcement this week aimed at lowering healthcare costs, Bessent said, echoing similar remarks from a senior White House official last week, but giving no ... Read More
Bessent ‘very, very optimistic’ about economy, says US will not enter recession
Treasury Secretary Scott Bessent assured he is “very, very optimistic” about the economic outlook of 2026 and dismissed concerns of an impending recession. Bessent appeared on NBC News’s Meet the ... Read More
Scott Bessent says Trump may name a new Fed chair by Christmas
Treasury Secretary Scott Bessent has put a firm timeline on one of the biggest open questions in economic policy, saying President Donald Trump is likely to select a new Federal Reserve chair by ... Read More
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