Treasuryâs Crystal Ball: Economy to Rocket by Q4, Probably
Treasury Secretary Scott Bessent confidently predicted a 'substantial acceleration' in the U.S. economy by Q4 2025, despite inflation rising and a weakening labor marketâminor details in his sunny worldview. Declaring that 'good policies' under President Trump, who famously fired the Bureau of Labor Statistics commissioner over inconvenient jobs data, will fix everything, Bessent dismissed government stats as rigged. Somehow, after a 0.5% shrinkage in Q1 and a hopeful 3.3% rebound in Q2, the Atlanta Fed predicts a slight slowdown to 3%, but investors are oddly optimistic. This week's inflation data could spoil the party or prove Bessentâs crystal ball rightâeither way, stand by for economic denial or drama.
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When your economy shrinks, then grows, but you just fire the data messenger and promise a 'substantial acceleration' by Q4âbecause denying reality has always been a solid growth strategy.
Firing the Bureau of Labor Statistics commissioner because the jobs report isnât 'right' is how you manage not an economy, but a cosmic joke with inflation as the punchline.
GDP shrinks, then grows, while officials accuse their own data of bias. Sounds like my Monday morning coffee routineâconfused, disappointing, and oddly hopeful.
Source: Axios | Published: 9/7/2025 | Author: Ben Berkowitz
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