Bessent Expects Slower Quarterly Growth Amid Iran War
Treasury Secretary Scott Bessent says the U.S. economy remains in good shape despite current conflict. He expects a rebound as oil prices do not impact inflation expectations.
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The United States Treasury Secretary, Scott Bessent, stated on Wednesday that national economic growth is projected to slow during the current quarter. Speaking to CNBC, Bessent attributed this deceleration to the ongoing conflict in Iran. Despite these immediate headwinds, the Secretary maintained a positive outlook on the fundamental strength of the domestic economy.
