Scott Bessent emphasized the need to reprivatize the economy to fix the last administration’s mistakes. The secretary defended Trump’s policies, saying the president was trying to transition the economy to a private sector-powered one.

The elegant, old school South Carolinian emphasizes deregulation, especially in the banking sector — and the importance of reducing government jobs

Treasury Secretary Scott Bessent warned that the US economy may see some disruption as the Trump administration shifts the basis for growth away from the government and toward the private sector.