Removing US Government’s Credit Risk Will Lower Interest Rates: Bessent

‘We have uprooted government waste and harmful regulations,’ the Treasury secretary said.

Treasury Secretary Scott Bessent speaks to reporters during a briefing at the White House on April 29, 2025. Travis Gillmore/The Epoch Times

Interest rates will come down if the Trump administration can remove the U.S. government’s credit risk, says Treasury Secretary Scott Bessent.

In a May 5 speech at the Milken Institute Global Conference, Bessent touted President Donald Trump’s economic agenda, saying it will deliver a “golden age economy.”