Treasury Secretary Bessent on Post-Election Economic Optimism Treasury Secretary Scott Bessent, sworn in January 2025, attributes post-election economic optimism to curbed inflation via deficit reduction, citing an MIT study linking 42-44% of prior inflation to budget deficits. He highlights verifiable declines in key costs, including national average gasoline prices dipping to $2.99 per gallon in early November 2025 and the Federal Reserve's recent cut of the funds rate to 3.75-4.00%, though 30
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Scott Bessent slams IMF and World Bank for ‘vapid, buzzword-centric marketing’ | Fortune
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Bessent assails IMF and World Bank and says there's an 'opportunity f…
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