Treasury Secretary touts ‘Golden Age economy’ in Milken speech but says little on tariffs

Quick Summary:

Scott Bessent predicted that "trading relations will be stronger" but largely avoided the topic of tariffs in an on-stage speech.

On Monday, Bessent predicted that "in the end trading relations will be stronger" but did not offer a specific timeline.

Bessent, however, explained those recent yield increases as primarily part of a cyclical process, and predicted they will soon reverse as the U.S.returns to non-inflationary growth.

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Article Details

Author / Journalist: Jeff John Roberts

Category: EconomyBusiness

Markets: United States

Topics: Scott Bessent Tariffs and trade Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 16:37:25 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 115 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28410445

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Official Website: fortune.com

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