In a speech delivered on Thursday to the Economic Club of New York, Treasury Secretary Scott Bessent dismissed concerns over inflation that Americans might face because of the tariffs.


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... the Economic Club of New York last week, while acknowledging that prices might be higher. “We could get a one-time price adjustment,” he said...


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"Over the coming months, we're going to have a couple of adjustments [...] as we deleverage the government sector relative to the private sector," said Bessent in an interview with Larry Kudlow at the Economic Club of New York. "Can tariffs be a one-time price adjustment? Yes."


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Charles Gasparino noted that Bessent had recently spoken with Fox Business anchor Larry Kudlow, but McDowell argued this was not enough. Kudlow spoke with Bessent this week at the Economic Club of New York.


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Treasury Secretary Scott Bessent, at the Economic Club of New York last week, said that the inflationary impacts of tariffs would be "transitory" if they resulted in a "one-time price adjustment. Across a continuum, I'm not worried about inflation."


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In a recent interview at The Economic Club of New York, Bessent claimed that the “Ricardian equivalence doesn’t work if other countries have very different economic and social policies.” As if this was not bad enough, Kudlow doubled down and said, “The free trade theory of Ricardian equivalence is very interesting, but there is no equivalence” with China because the country’s economic and political system is not equivalent to ours. He went on to say, “We are a free market democracy; they are an authoritarian socialist political enemy.”


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His criticisms also carried over to Bessent, too. He said Trump’s treasury secretary had him falling asleep at a recent speech to the Economic Club of New York. He said he needs to do a better job at getting the benefits to Trump’s economic plan across.


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Treasury Secretary Scott Bessent spoke to the Economic Club of New York on March 6 and expressed his support for the current policy baseline.1 Michael Faulkender, nominee for deputy Treasury secretary, called for tax reform permanence during his confirmation hearing on the same day. “Making pro-growth tax reform permanent,” Faulkender stated, “we will realize the golden age the President has promised.”


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U.S. Secretary Treasury Scott Bessent highlighted in his speech at the Economic Club of New York that one of the administration’s goals is to de-lever the public sector in order to support the private sector and government job losses could be transitioned to private sector hiring. We’ve covered how that process could be tricky and lagged.


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"Access to cheap goods is not the essence of the American dream," Bessent told the Economic Club of New York.


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Speaking at the Economic Club of New York on Thursday, Treasury Secretary Scott Bessent criticized the Biden administration’s approach, arguing that it had applied “lackadaisical” restrictions that left room for circumvention. He particularly condemned Biden’s reluctance to impose tougher energy sanctions, saying concerns over rising gas prices had taken priority over cutting off Moscow’s financial resources.


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“We will close off Iran's access to the international financial system by targeting regional parties that facilitate the transfer of its revenues. Treasury is prepared to engage in frank discussions with these countries,” Secretary Bessent said at the Economic Club of New York last week.


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In a defense of tariffs, Treasury Secretary Scott Bessent told the Economic Club of New York last week that “access to cheap goods is not the essence of the American Dream.”


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Michael Saylor's basically of the view that Trump's road to ... In a recent conversation at the Economic Club of New York, one of ...


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Trump’s latest remarks come amid growing frustration in Washington regarding the effectiveness of the current sanctions regime. US Treasury Secretary Scott Bessent recently criticized the sanctions imposed under President Joe Biden as “egregiously weak,” suggesting that they had failed to meaningfully deter Russia’s war effort. Speaking at the Economic Club of New York on March 6, Bessent indicated that the Trump administration is prepared to go “all in” if additional measures provide leverage in the peace negotiations.



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Treasury Secretary Scott Bessent said earlier in the day at the Economic Club of New York that the strength of the country goes beyond just low prices.


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Treasury Secretary Scott Bessent, speaking at the Economic Club of New York on Thursday, hinted at a robust sanctions strategy. “Per President Trump’s guidance, sanctions will be used explicitly and aggressively for immediate maximum impact,” Bessent said. He added that the administration is prepared to go “all in” to use sanctions as leverage in peace negotiations.


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“Access to cheap goods is not the essence of the American dream,” Bessent said during a speech to the Economic Club of New York. “The American Dream is rooted in the concept that any citizen can achieve prosperity, upward mobility, and economic security. For too long, the designers of multilateral trade deals have lost sight of this.”


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At a speech last Thursday to the Economic Club of New York, Treasury Secretary Scott Bessent emphasized, "Wall Street has done great, Wall Street can continue doing well, but this administration is about Main Street." This comment contradicts the notion of a "Trump Put" underlying the market, which now seems dubious, especially as Trump continues to announce tariffs only to pause them, sometimes within hours.


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Subsidized Chinese factories churn out products at prices that American producers often cannot match, leading to a mammoth U.S. trade deficit and starving American factories of orders and jobs. “This system is not sustainable,” Bessent told the Economic Club of New York.


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