U.S. Treasury secretary says to brace for economic pain. One economist thinks he’s underselling the fallout. - MarketWatch
1. U.S. economy undergoing a 'detox period' per Treasury Secretary Bessent. 2. Shift from government to private spending anticipated to cause initial economic adjustments. 3. Concerns rise over economic slowdown and potential recession as consumer confidence declines. 4. Palantir co-founder supports Bessent, highlighting political pressures on economic policies. 5. Investors remain cautious amid tariff threats and fluctuating employment reports.