Treasury Secretary Scott Bessent said Sunday that the U.S. is having a “very strong holiday season,” noting that consumer spending has held up “across the income cohort.”
“There is nothing to say that there are two dolls instead of 30 dolls,” Bessent said on CBS’ “Face the Nation,” referencing President Donald Trump’s comment in April that children might get “two dolls instead of 30” and pay “a couple of bucks more” because of tariffs.
Bessent pointed to recent economic growth as evidence that the economy is outperforming expectations, saying the U.S. has posted 4% GDP growth in a couple of quarters and is on track to finish the year with 3% real GDP growth.
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