Treasury Secretary Scott Bessent appeared on a recent broadcast to discuss the current economic landscape under the President’s policies. The conversation centered on a striking contrast: a thriving economy versus persistent criticism from opposing parties.
When questioned about engagement from Democrats, Secretary Bessent asserted that their focus appeared to be primarily on complaint rather than constructive economic proposals. He argued that the President’s economic strategy demonstrably outperformed any alternative presented by the opposition.
Bessent highlighted key indicators of success, pointing to robust economic growth alongside a significant decrease in inflation. He noted that inflation had settled at 2.1 percent for the past three months, nearing the Federal Reserve’s target, and even dipped below one percent according to a daily measurement called “trueflation.”
The Secretary painted a picture of a nation experiencing a period of unprecedented stability and prosperity. He cited record-high stock market performance and the lowest crime rates in over a century as further evidence of the positive trajectory.
Looking ahead to 2026, Bessent expressed optimism for continued growth, fueled by the groundwork laid in the previous year. He pointed to the Dow and Russell indices both reaching new highs as evidence of a broad-based cyclical recovery.
The discussion then turned to the recent surge in gold prices. Bessent attributed this movement, in part, to instability within the Chinese market, specifically increased margin requirements.
A central theme throughout the conversation was the importance of national sovereignty, particularly concerning supply chains. Bessent emphasized that true independence requires resilience and control over critical resources.
He stated the United States is actively addressing the challenge of rare earth elements, asserting that a nation cannot be truly sovereign if its supply chains are vulnerable to external control. The focus, he explained, is on building robust and secure supply lines.
Bessent concluded by suggesting the stock market’s current performance reflects a confident outlook for the future, anticipating strong economic expansion, job creation, and real income growth for the American people.
