Economic health can be assessed through concrete indicators like unemployment rates, tax refund patterns, and consumer spending levels rather than relying solely on public sentiment or political statements, as demonstrated by Bessent's analysis of current economic conditions showing low unemployment, high tax refunds, and sustained consumer spending despite challenging circumstances.
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Bessent Asked About Trump Saying 'I Don't Care About The Midterms'Added:
In the In the white.
No, no, in in the white.
>> Oh, thank you, Mr. Secretary. I appreciate it. Given [clears throat] how much this upcoming midterm election will hinge on the economy, what did you think about President Trump's comments in the cabinet meeting yesterday saying he didn't care about the midterms?
>> I So, you're calling President Trump a statesman.
You're You're You're saying that he is taking a statesman-like position, that he has a a >> [clears throat] >> a core belief, and he he believes that the most important thing is for Iran never to have a nuclear weapon. So, I I believe uh both things can be true, that we can do well in the midterms, that we uh perhaps have the makings of a deal here, and uh I believe that And look, the economy that it it is challenging now, uh but un- unemployment is still low, uh tax refunds were high, and consumer spending is still quite high. So, uh in 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 i- is still doing well.
>> Mr. Secretary.
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