Bessent Projects Normalcy While ‘Completely Aligned’ With Musk
- In interview, Bessent dismisses risks from DOGE payment probe
- He says strong dollar is intact, tariffs won’t drive inflation
Scott Bessent
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
In just two weeks as Treasury chief, Scott Bessent has seen plenty of turbulence. The department became a target of Elon Musk’s crackdown on federal spending — triggering protests outside Bessent’s office — and investors are on edge over President Donald Trump’s unpredictable trade policies.
Yet in an interview with Bloomberg TV on Thursday, Bessent sought to telegraph a sense of normalcy — and of an administration that’s methodically pursuing its economic goals, including lower taxes and spending, and more balanced trade.