Treasury Secretary Scott Bessent said the Trump economy is starting to show results and argued Americans are poised to feel the benefits in 2026, pointing to cooling inflation and record market highs as signs that “Main Street is about to prosper.”
Speaking on Sunday Morning Futures, Bessent said market momentum reflects growing confidence in President Donald Trump’s agenda, describing it as having “set the table” for economic gains this year.
Bessent’s comments come as Democrats have criticized Trump’s economic approach, including warnings about affordability and concerns that tariffs could raise consumer prices.
“The president’s plan is working. The Trump economy is delivering for the American people,” Bessent said.
He said the economy is seeing “strong growth” and that inflation is easing toward the Federal Reserve’s 2% target.
Bessent also pointed to broad stock-market strength—including gains in industrial and small-cap names—as a common signal that a wider economic expansion may be building.
On Friday, the Dow Jones Industrial Average closed above 50,000 for the first time, ending at 50,115.67 after a surge of roughly 1,207 points (2.47%), according to market reports.
Trump celebrated the milestone on Truth Social, writing: “The Dow Jones Industrial Average just hit 50,000 for the first time in History. CONGRATULATIONS AMERICA!”
Bessent argued Democrats are overlooking what he described as indicators of a strong year ahead, saying Wall Street’s performance can foreshadow improvements that show up later in household finances. “We are seeing a big cyclical recovery,” he said. “The president’s agenda set the table in 2025, and now the American people are going to benefit in ’26.”
“The stock market lives in the future,” Bessent added, saying he expects “very strong economic growth and very strong job gains and very strong real income growth.”
In recent separate remarks, Bessent has also said Americans could see “substantial refunds” and bigger paychecks as the administration’s agenda continues to take effect.
More over at Fox News:
Treasury secretary predicts blockbuster 2026 for US economy as Dow hits historic milestonehttps://t.co/6aR3YFB2BB
— Karoline Leavitt (@PressSec) February 9, 2026
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