Economics
The Treasury secretary also emphasized the administration’s commitment to a strong dollar.
(Spencer Platt/Getty Images)
Treasury Secretary Scott Bessent’s turn on the Sunday talk show circuit to articulate the White House economic platform and soothe markets after a month of policymaking widely perceived as capricious and chaotic.
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On ABC’s This Week, Bessent described the American economy as a “barbell,” with a successful raw materials sector and a successful financial sector but a depressed working class.
The U.S. has a barbell economy.
On one end, we have a financial system and tech sector that is the envy of the world.
On the other end, we have a natural resource-economy led by energy.
In between is where working-class Americans have lost out—and we want to fix that. pic.twitter.com/ysVxibNIQ7
— Treasury Secretary Scott Bessent (@SecScottBessent) April 27, 2025
In addition to explaining efforts to address this economic split, Bessent also emphasized the Trump administration’s commitment to a strong dollar and sound bond market, while noting that markets have largely recovered from the post–“Liberation Day” tariff disruption.
