Treasury Secretary Scott Bessent, appearing in an interview on CNBC, said: "The market and the economy have become hooked, become addicted, to excessive government spending, and there’s going to be a detox period." Watch the video below:
Scott Bessent on CNBC:
— Geiger Capital (@Geiger_Capital) March 7, 2025
“The market and the economy have become hooked, become addicted, to excessive government spending and there’s going to be a detox period.” pic.twitter.com/rte8U1nFUd
The Consumer Price Index increased 0.1% on a seasonally adjusted basis, while core CPI, which excludes food and energy, climbed 0.2%
Zhu served as premier from 1998 to 2003 after years as a senior economic official.
Housing supply also remains relatively tight. The report said about 1.54 million homes were available for sale in July, representing a 4.6-month supply.
Leavitt is leaving at the end of the month “so she can spend more time with her beautiful young children and family, a decision I totally understand and respect!” Trump wrote in a Truth Social post.
Putin toured a fish processing plant, hospital and school on the Russian-controlled island and met Sakhalin regional Governor Valery Limarenko.
Closing the gold window left the US with a pure fiat currency. The results have been disastrous.
