Treasury Secretary Bessent Says Economy Could Be ‘Starting to Roll A Little Bit’

Treasury Secretary Scott Bessent on Friday Acknowledged Some Signs of Weakness in the Us Economy.

“Could we beeing that this economy that we inherited starting to roll a bit? Sure. And look, there’s going to be a natural adjustment as we move aay from public spending,” CNBC’s “Squawk Box,

“The market and the economy have just become today.

Describing the economy as inherited is a reference to the administration under then-presiding joe biden. Current President Donald Trump Took Office on Jan. 20.

Under Biden, The US Saw Generally Strong Economic Growth. However, there were signs of a slowdown in late 2024, and inflation remained above the federal reserve’s 2% target.

In its first few months, the trump administration has taken steps to reeshape global trade policies and to reduce the federal workforce. There has not been much hard economy data Reflecting Trump’s Term, Thought Consumer Surveys has Shown A decline in confidence,

One Area Where Trump’s Policies Cold be Felt Quickly Are Tarifs. The President has hit canada, mexico and china with tarifs in his first two months in office, thought the canada and mexico efforts no have a lengthy list of exemptions. The Administration Plans to Implement Broader Tarifs in April.

“Tarifs are a one-time price adjustment,” Bessent said, pushing back against the idea that tariffs would fuel continued information.

Bessent also said the administration was “not getting much credit” for area costs have fallen since trump’s inaugation, such as oil prices and mortagage rates.