Treasury Secretary Scott Bessent Details Economic Outlook in ”Face the Nation” Interview
WASHINGTON – Treasury Secretary Scott Bessent on october 26, 2025, outlined the biden management’s economic strategy and addressed concerns about inflation and potential debt-crisis-zombie-businesses-and-households-are-no-longer-able-to-repay-their-loans-business-am/” title=”Heading for a … crisis? “Zombie businesses and households are no longer able to repay their loans” – Business AM”>recession risks during an appearance on CBS News’ “Face the Nation with Margaret Brennan.” The Secretary’s remarks come amid ongoing debate over the pace of economic recovery and the effectiveness of current fiscal policies.
Bessent’s appearance provided a platform to directly address public anxieties surrounding the economic landscape. The interview focused on the administration’s efforts to balance controlling inflation with sustaining economic growth, a challenge impacting American households and businesses nationwide.The Secretary’s statements offer insight into the administration’s anticipated response to evolving economic indicators and potential future policy adjustments.
During the interview, Bessent emphasized the administration’s commitment to reducing the national debt while continuing to invest in key areas such as infrastructure and clean energy. He acknowledged the persistent inflationary pressures but expressed confidence that the federal Reserve’s monetary policy, combined with the administration’s supply-side initiatives, would ultimately bring inflation under control.
Bessent also discussed the global economic outlook, highlighting the interconnectedness of the U.S. economy with international markets. He addressed concerns about geopolitical risks and their potential impact on supply chains and energy prices. The Secretary reiterated the administration’s commitment to working with allies to promote global economic stability.
A full transcript of the october 26, 2025, interview is available on CBS News’ website.
