Bessent's Optimistic U.S. Economy Outlook

Treasury Secretary Scott Bessent projects a robust U.S. economy for 2025, with a three percent real GDP growth despite government disruptions. This optimistic outlook follows a mixed economic picture earlier in the year, with a slight contraction in Q1 and a strong rebound in Q2. The Federal Reserve Bank of Atlanta estimates a three point five percent annual GDP growth for Q3. Inflation, however, remains a concern, with consumer prices rising three percent year-over-year in September. Despite President Trumps dismissal of affordability concerns, two-thirds of registered voters feel the administration has not adequately addressed the economy and rising cost of living.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.