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Treasury Secretary Bessent says a 'detox' period for the economy does not have to be a recession

  • U.S. Treasury Secretary Scott Bessent stated that a 'detox' period for the U.S. economy does not necessarily mean a recession is coming.
  • Bessent expressed concerns over the current levels of government spending, referring to them as 'unsustainable.'
  • Recent economic indicators show that job growth was slower than expected and consumer confidence has declined.
  • The S&P 500 has dropped 6% in March, indicating challenges in economic growth.
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Star Advertiser broke the news in Honolulu, United States on Thursday, March 13, 2025.
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