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The Independent UK
The Independent UK
Mary Papenfuss

Trump Treasury secretary says economy slowdown just ‘detox’ as government spending switches to private sector

Donald Trump Scott Bessent Economy Elon Musk FAA SpaceX
Donald Trump’s Treasury Secretary Scott Bessent - (Copyright 2025 The Associated Press. All rights reserved)

Donald Trump’s new Treasury secretary blew off the apparent slowdown in the nation’s economy as nothing more than “detox” as government spending switches to the private sector.

Secretary Scott Bessent acknowledged apparent signs of a slowed economy following a weeklong drop in the stock market rattled by Donald Trump’s tariffs and a lower-than expected report of 151,000 new jobs in February (170,000 was predicted).

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