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Scott Bessent: “Unemployment is still low, tax refunds were high, and…”

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

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Treasury Secretary Scott Bessent holds White House press briefing — 5/28/2026

Published | Video Starts at 18:42

So I believe those things can be true, that we can do well in the midterms, that we perhaps have the makings of a deal here. And I believe that. And look, the economy that it is challenging now, but Unemployment is still low, tax refunds were high, and consumer spending is still quite high. So in my private business over the years, I always looked at what were consumers doing, not what they were saying. And I'm in constant contact with the banks and every income quintile is still doing well. (18:42–18:51)

CLAIM

Asserts that unemployment is low, tax refunds are high, and consumer spending remains high.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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