Bessent Warns of ‘Detox Period’ for Economy, Touts Trump ‘Call’
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Treasury Secretary Scott Bessent warned that the US economy may see some disruption as the Trump administration shifts the basis for growth away from the government and toward the private sector.
“Could we be seeing this economy that we inherited starting to roll a bit? Sure,” Bessent said in an interview Friday on CNBC. “Look, there’s going to be a natural adjustment as we move away from public spending.”