Treasury Secretary Scott Bessent
@SecScottBessent
79th United States Secretary of the Treasury
Today in a CNBC interview, I called for a review of the Federal Reserve. It is my belief that the central bank should conduct an exhaustive internal review of its non-monetary policy operations. Significant mission creep and institutional growth have taken the Fed into areas that…
Last week, I was proud to join industry leaders at the first-ever Energy and Innovation Summit hosted by @SenMcCormickPA in Pennsylvania. The capex boom is real: manufacturing, energy, and tech are driving America’s future. @POTUS’s leadership has placed the Commonwealth at the…
We've endured decades of unfair trade. Thanks to @POTUS and his ability to create maximum leverage, that era is over. This administration is prioritizing the quality of these deals, not how fast they're made.
Today, President Trump signed the GENIUS Act into law, a historic piece of legislation that will pave the way for the U.S. to lead the global digital currency revolution.
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…
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.
The GENIUS Act provides much needed regulatory clarity for the use of stablecoins in modernizing our payment systems. This is a great day for the American people and further cements the dollar as the world’s reserve currency.
My thanks to Prime Minister @shigeruishiba and Minister @ryosei_akazawa for their warm welcome to Japan. Grateful to represent @POTUS and the American people at @expo2025japan alongside @usambjapan, and to celebrate the enduring alliance between our nations. A good deal is more…
There is no more important #IndoPacific partner for the United States than Japan. Today’s 🇺🇸 Presidential Delegation meeting with Prime Minister @shigeruishiba was a chance to reaffirm our commitment to forging a new golden age of 🇺🇸🇯🇵 cooperation on every front and in every…
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…
Thanks to the One Big Beautiful Bill, hardworking Americans will see tax relief on their overtime and tipped wages. Treasury is moving swiftly to implement, and these deductions are available regardless of the payment method. foxbusiness.com/politics/one-b…
With additional funding for at least 1 million deportations a year and funding to complete the border wall, the One Big Beautiful Bill delivers on curbing unchecked immigration that disrupts the labor market and hurts the wages of working-class Americans. In his first term,…
THE TRUMP EFFECT! 🇺🇸
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…
Once again, the inflation propagandists have been proven wrong.
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.
The data shows inflation on core components of Americans' budgets is falling below the Fed's target. Prices at the grocery store, pump, and mall are all coming down. @POTUS's economic plan is working. As we implement key legislation like the One Big Beautiful Bill, Main Street…
Today, I had a fantastic conversation with student leaders at @TPUSA's Campus Victory Forum at the White House. We discussed how @POTUS's policies are unleashing a new Golden Age for America, creating wealth & prosperity for all. The future is bright for the next generation and…

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.
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…