《Economic Information Daily 6th exclusive》US Treasury Secretary Bessent said he believes the US can achieve 3% economic growth in the third quarter, and can quickly reverse the government's borrowing trajectory through strict spending control. He also said mortgage interest rates will fall after the Iran war ends.
Speaking at a Pennsylvania Chamber of Commerce event on Monday (5th), he said last quarter's US economic growth significantly exceeded 3%, and he is confident this performance can be sustained. Meanwhile, as the debt-to-GDP ratio declines, the deficit and debt levels will continue to fall. He also mentioned that the fiscal impact resulting from the Supreme Court's unfavorable ruling on the tariff case in February this year will not return, and the pace of fiscal improvement will be more pronounced.
In addition, Bessent revealed he met with European officials on Monday, and Europe is very likely to take tough actions against China in the future, possibly similar to the US tariff barriers. (rc)
Speaking at a Pennsylvania Chamber of Commerce event on Monday (5th), he said last quarter's US economic growth significantly exceeded 3%, and he is confident this performance can be sustained. Meanwhile, as the debt-to-GDP ratio declines, the deficit and debt levels will continue to fall. He also mentioned that the fiscal impact resulting from the Supreme Court's unfavorable ruling on the tariff case in February this year will not return, and the pace of fiscal improvement will be more pronounced.
In addition, Bessent revealed he met with European officials on Monday, and Europe is very likely to take tough actions against China in the future, possibly similar to the US tariff barriers. (rc)