Treasury Secretary Scott Bessent has downplayed Moody's Ratings' recent downgrade of the U.S. credit rating. In an interview on NBC News' 'Meet the Press,' Bessent referred to Moody's assessment as a 'lagging indicator.' This suggests that he believes the rating agency's evaluation doesn't accurately reflect the current state of the American economy.
Moody's lowered the U.S. credit rating by one notch from its highest level, citing concerns about the nation's fiscal outlook. However, Bessent argued that the U.S. economy remains strong and resilient. He emphasized the importance of focusing on current economic data rather than relying on past assessments.
The debate over the U.S. credit rating highlights differing perspectives on the nation's financial health. While Moody's expresses caution, the Treasury Secretary maintains a more optimistic view, asserting the U.S. economy's ability to overcome challenges.
Bessent: Moody's Downgrade a 'Lagging Indicator'
Treasury Secretary Scott Bessent dismissed Moody's recent downgrade of the U.S. credit rating as a 'lagging indicator' of the economy. Speaking on NBC's 'Meet the Press,' Bessent defended the nation's financial standing. He suggested that the rating agency's assessment doesn't reflect current economic realities. The U.S. credit rating was lowered by one notch by Moody's.
Source: Read the original article at NBC