Bessent's 'Golden Age' Prediction: Wall St & Main St
Update: 2025-12-18
Description
Scott Bessent, Treasury Secretary, navigates a busy 2025, leading trade talks with China, managing bonds, and calming investors. Despite prioritizing Main Street, Wall Street thrives with S&P 500 up 17% and bonds performing well. Bessents influence is seen in Trumps decision to back down on extreme tariffs, preventing recession fears, and convincing Trump to keep Jerome Powell as Fed chair. Bessent predicts a golden age for Americans, but skepticism remains as economic data may not align with his optimistic forecasts.
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