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Trump's 'One Big, Beautiful Bill' Will Spark 'Non-Inflationary Boom' In US, Says Scott Bessent: It Will Last For 'Several Years' - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
Benzinga· 2026-01-28 09:51
U.S. Treasury Secretary Scott Bessent predicted on Tuesday that the American economy is on the verge of a multi-year expansion, driven by what he dubbed President Trump‘s “one big, beautiful bill.”Unleashing A ‘CapEx’ ExplosionSpeaking to Fox Business, Bessent argued that the administration's legislative achievements in 2025 have set the stage for a “non-inflationary boom” in 2026 that will combine high growth with falling prices.Bessent attributed the optimistic outlook to a surge in capital expenditure (C ...