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The US Treasury Secretary Scott Bessent is attended by a economic club in New York on March 6, 2025 in New York, USA, 2025.
Jeenah Moon | Reuters
The Treasury Secretary Scott Bessent admitted some signs of weakness in the US economy on Friday.
“Do we see that this economy is inherited? I’m sure.Square box“
“The market and the economy was simply bent. It will be addicted to the government’s spending and will be a period of detox,” he said.
It is referred to the management of President Joe Binden, to describe the economy as the remaining inherited. The present president Donald Trump He took office on January 20.
Under Biden, the United States generally saw a strong economic growth. However, in late 2024, there were signs of slow down, and inflation was above the target of 2% of the federal reserve.
In the first months, the Trump management has steps to re-regulate global trade policies and reduce the federal workforce. Although it shows consumer queries, there was no very harsh economic information reflecting the term Trump a decrease in confidence.
February work report released and shown after Bessent’s comments Unemployment Up to 4.0% to 4.1%. According to Dow Jones, the economy added 151,000 jobs in 170,000 jobs under 170,000 under 190,000.
The Field of Trump’s policy is felt quickly. President Canada, Mexico and China, Canada and Mexican efforts are now with the tariffs with about two-month tariffs Long list from freedom. The management plans to carry out more extensive tariffs in April.
“Tariffs are a one-time price regulation,” Bessent said, calling back against the idea that the tariffs will continue inflation.
Bessent also said that the management’s oil price and mortgage prices have been “not receiving a lot of credit,” the expenditures have been expenses since the prices.
