Sec. Bessent on the Midterms: The American People Have Spoken

EXCERPT:

BESSENT: "Joe, look, the American people have spoken. And, you know, we see that post Covid, post the Biden inflation of 22%, that the American people, they are rightly very skittish. The underlying economy is very strong. We had 3.4% growth last quarter. Atlanta Fed GDP now shows 3.5% this quarter. We had a blowout jobs number. We’re bringing back manufacturing. But I’ve always said, what I’m not going to do is tell the American people how they feel. And I think our job is to make sure that they feel these good numbers in their personal lives, and I think they will. With the Iran conflict, we have a short-term spike in energy prices. It’s supply-constrained. But you’ve already seen oil’s down $20 this month. Gasoline is back below $4. Diesel is down 10%. So, you know, I think once we get this behind us, the American people will be able to feel the strength of the economy."