Scott Bessent Explains The Big Picture Everyone is Missing During the Shutdown
By John Zambenini / November 3, 2025
Treasury Secretary Scott Bessent said Sunday that the Trump administration’s reduction in government spending has gone largely unnoticed during the ongoing shutdown but has played a key role in helping the United States avoid a recession.
Bessent made the remarks during an appearance on CNN’s “State of the Union,” where he discussed the administration’s fiscal policies and the Federal Reserve’s recent rate cuts.
The Federal Reserve announced Wednesday that it would lower its benchmark interest rate by a quarter-point, bringing the range to between 3.75% and 4.00%.
During the interview, CNN host Jake Tapper asked Bessent whether the U.S. risked entering a recession if the Fed continued cutting rates too aggressively.
“I believe that we are in a transition period here as we are seeing the Trump administration has cut back on government spending,” Bessent said.
https://thepopulisttimes.com/scott-bessent-explains-the-big-picture-everyone-is-missing-during-the-shutdown/
