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Treasury Secretary Scott Bessent
79th United States Secretary of the Treasury
Blockchain technologies will power the next generation of payments, and the U.S. dollar is coming onchain.
Thanks to President Trump’s visionary leadership, and @SenatorHagerty's important work in Congress, the GENIUS Act will help cement the U.S. dollar as the global reserve currency for generations to come.
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Treasury Secretary Scott Bessent kirjasi uudelleen
With the GENIUS Act providing legal clarity on stablecoins, we now have a faster, cheaper, and more secure way to trade.
This boosts global acceptance and demand for dollar-backed digital payments, reinforcing @POTUS’s promise to make the U.S. the Crypto Capital of the World.
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President Trump promised to make America the “crypto capital of the world.” @HouseGOP’s actions today to pass the CLARITY Act and send GENIUS to the President’s desk keep that promise.
@RepFrenchHill and @CongressmanGT should be commended for their leadership, and I look forward to working with the @SenateGOP to give entrepreneurs, investors, and innovators the regulatory certainty they deserve.
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Treasury Secretary Scott Bessent kirjasi uudelleen
Counselor to @SecScottBessent @Lavorgnanomics: "The fact is, the U.S. is the world’s largest consumer. We dictate the terms. President Trump knows from a negotiating standpoint everybody wants to be in the U.S. market, and the U.S. has the leverage, and you just have yet to see it in any of these prices. I don’t understand why the economics community is so dense in not understanding that"
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Once again, the inflation propagandists have been proven wrong.
17.7. klo 01.44
The producer price index confirmed yesterday’s tame consumer price index. Inflation is trending lower! Still looking for the alleged tariff price effects as the Treasury collects record tariff revenues.
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Underlying core inflation has met or come in below expectations every month since President Trump took office, despite constant claims from Democrats and the media that his trade policies would drive up prices.
16.7. klo 00.03
Today’s inflation report proves that tariffs are not inflationary. However, tariffs are a huge revenue source! They accounted for nearly all of the record large $27 billion June budget surplus (biggest since June 2015 excluding any timing shifts).
Remember that when the Congressional Budget Office was asked to project how much money tariffs could bring in, the agency predicted $2.8 trillion over the next 10 years. But this massive sum is not included in the “official” long-term budget forecast. The upshot? CBO’s estimates of the budget deficit will widely (and typically) miss the mark.
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The U.K. Trade Team smartly secured an early deal.
As I told our major trading partners in April, with @POTUS “usually the first person who makes a deal makes the best deal.”
Congratulations to U.K. leadership for working with us to secure a fair and durable deal for the American and British people.
Let this be a lesson to other countries - earnest, good faith negotiations can produce powerful results that benefit both sides of the table, while correcting the imbalances that plague global trade.
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