Treas. Sec Bessent at the G20: Iran taking sanctions seriously
Bessent at the G20:
- Iran is taking sanctions seriously
- Iran is lashing out kinetically because they are losing economically
- We will continue to exert pressure
- Iran’s economy doesn’t have to collapse just needs to come to its senses
- Real wages are growing
- Only way to get out of debt is to grow our way out of debt.
Seems like he is given up on cutting costs to cut the deficit. It is giving up on lowering rates that would help the deficit, and going all in on the economy holding up in the face of higher oil prices, higher inflation.
This article was written by Greg Michalowski at investinglive.com.