U.S. Treasury Secretary Scott Bessent has announced a "Bountiful 2026" economic plan, aiming for accelerated growth without inflationary pressures. Following meetings at the World Economic Forum in Davos, Bessent outlined a strategy focused on supply-side policy changes, increased investment, and productivity gains. He emphasized that the U.S. economy is poised for expansion, supported by a 5.4% growth estimate from the Federal Reserve Bank of Atlanta's GDPNow model.
The plan includes deregulation to boost production capacity, particularly in manufacturing and energy, and tax policy changes through the Working Families Tax Cut Act, which could provide households with $1,000 to $2,000 in tax refunds. Bessent also highlighted a 12% rise in business investment, particularly in high-tech manufacturing and energy infrastructure, as key to sustaining productivity gains. The strategy aims to address supply chain bottlenecks and regulatory constraints, allowing for growth without increasing inflation.
Treasury Secretary Scott Bessent Unveils Non-Inflationary Growth Plan for 2026
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
