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Treasury Secretary Bessent outlined his economic outlook, projecting between 4% to 5% real growth for the US economy this year. The remarks come amid broader policy discussions on trade dynamics.
On trade matters, Bessent urged restraint in escalation efforts against the US, emphasizing the importance of stability. He also called on all nations to maintain existing trade agreements, signaling a preference for predictability in international commerce.
The Treasury chief didn't shy away from addressing consumer sentiment either. He noted that Americans are still carrying inflation 'PTSD' from the Biden administration's tenure—a reference to how lingering concerns about price pressures continue affecting public confidence despite recent moderation.
Separately, Bessent's comments come as attention focuses on various Trump administration initiatives, including discussions around Greenland's strategic importance and other geopolitical considerations that could shape policy direction.