Treasury Secretary Scott Bessent says the K-shaped economy is over, but the data and many economists tell a different story. "I do believe the core inflation is slowing," Bessent said in an interview with CNBC on Tuesday.
Treasury Secretary Scott Bessent says the K-shaped economy is over, but the data and many economists tell a different story.
"I do believe the core inflation is slowing," Bessent said in an interview with CNBC on Tuesday.
Bessent told CNBC that "the media doesn't want to report it," but the economy is doing better than we think, with "real wage gains" for working Americans.
The page is ready to read now. The fuller skim-friendly version will appear here automatically.
Treasury Secretary Scott Bessent says the K-shaped economy is over, but the data and many economists tell a different story. "I do believe the core inflation is slowing," Bessent said in an interview with CNBC on Tuesday. Bessent told CNBC that "the media doesn't want to report it," but the economy is doing better than we think, with "real wage gains" for working Americans.
"I got sick of hearing about this K-shaped economy.
Open the app view to save this story, compare related coverage, and continue from the same source.