Treasury Secretary Scott Bessent pushed back against pessimistic market sentiment Monday, urging investors and analysts to ignore survey-based indicators and focus on hard economic data.
“I was in the investment business for 35 years. And I learned to ignore the surveys. Look at the actual data. The actual data is good. The job data is good. Americans keep spending. We have this incredible commitment to brick manufacturing back onshore. Record investment by domestic and foreign corporations,” Bessent said.
His remarks come as concerns grow over prolonged tariff battles, particularly with China. Bessent reiterated that tariffs could ultimately lower income taxes for Americans by serving as an “external revenue service.” He argued that the U.S. economy remains resilient, with strong consumer demand and robust corporate investment.
