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Scott Bessent: “Economists have trouble projecting 3, 6, 12 months, whether…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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LIVE: US Treasury Secretary Scott Bessent Speaks on Global Finance | AF1G

Published | Video Starts at 36:10

It allows you to pick out the really, really good policies and make it just much more likely that we can actually achieve all these goals that we're talking about. Well, yes, and I look, I think projecting anything that if you look, Economists have trouble projecting 3, 6, 12 months, whether it's my economist at treasury, whether it's the IMF or World bank economist. and try, try to project something so far in, into the future. If you think about a Y axis and an X axis, what we're really thinking about is the Z axis in terms of the trajectory. (36:10–36:22)

CLAIM

Asserts that economists, including those at the Treasury, IMF, and World Bank, struggle with short-term projections.

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