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In this Just the News article, Nicholas Ballasy reports that Treasury Secretary Scott Bessent is bullish on the Trump economy, forecasting over 3% GDP growth and a return to the Federal Reserve’s 2% inflation target by the end of 2026.
- Bessent highlighted the upward revision of first-quarter GDP to 2.1%, crediting resilience despite the short Iran conflict and temporary energy price spikes.
- Crude oil prices are now lower than pre-conflict levels, signaling declining energy-driven inflation and falling gasoline prices for the summer.
- The administration aims to restore real wage growth for working Americans after severe affordability losses under Biden’s record inflation.
- Bessent emphasized strong job growth and the economy’s superior performance among major nations amid global challenges.
- Predictions counter naysayers, positioning America for robust expansion through pro-growth policies and energy dominance.
- This outlook reflects confidence in Trump’s agenda delivering tangible results for families after years of economic mismanagement.
Read the full story:
https://justthenews.com/government/federal-agencies/treasury-secretary-predicts-3-economic-growth-2-inflation-year
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