Bessent told Fox & Friends that the commander-in-chief’s top priority is living the living standards of ordinary Americans

Treasury Secretary Scott Bessent said the U.S. economy may be “starting to roll a bit,” as data suggests last year’s red-hot economy may be slowing. Bessent said the Trump administration’s moves to transition the economy to one which emphasizes private spending over public spending may require a “detox” period.

Bessent blamed “four years of disastrous policies,” for scorching inflation, claimed the current administration was working everyday to lower prices, and China would eat any tariffs.

With markets reeling because of volatile tariff headlines from the Trump administration, one of the president's top Cabinet members is reportedly aiming to get CEOs and investors to focus on something more bottom-line friendly. The prospect of permanent Trump tax cuts.

U.S. Treasury Secretary Scott Bessent joins ‘Squawk Box’ to discuss the state of the economy, U.S. foreign trade relations, and more.