Scott Bessent, US treasury secretary nominee for President-elect Donald Trump.
Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, described the world’s No. 2 economy as being in a recession, if not a depression.
Bessent, in further bearish remarks, also described it as the most imbalanced economy in the world, where the military is put first and where authorities are trying to export cheap goods to the rest of the world as a way to keep growth afloat.