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Scott Bessent

๐Ÿ‘ค Speaker
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1563 total appearances
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Podcast Appearances

Bloomberg News Now
Bessent's Denmark Pushback, Musk Vs Ryanair, More

I'm not concerned at all.

Bloomberg News Now
Bessent's Denmark Pushback, Musk Vs Ryanair, More

Find us on Apple, Spotify, or anywhere you listen.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

Good to be with you.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

Happy to review the year, talk about next year.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

There's a lot going on.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

I would categorize 2025.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

We had some important victories, some important policy announcements.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

some important movement.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

But as I've described it, 2025 was setting the table.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

And especially on the economy, I think the feast and the banquet is going to be in 2026.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

To start with the budget deficit,

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

We didn't get much credit because it came out during the shutdown.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

The U.S.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

fiscal year is on September 30th.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

We had a slight fiscal contraction for the year.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

Wasn't much, but much better than the 2.1%.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

zero trillion that was estimated.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

We came down from about 1.8 trillion to 1.78.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

So a contraction.

All-In with Chamath, Jason, Sacks & Friedberg
Scott Bessent: Fixing the Fed, Tariffs for National Security, Solving Affordability in 2026

Nonetheless, for the calendar year, we're making great progress.