— Asked for his message ahead of the midterms, U.S. Treasury Secretary Scott Bessent said the economy is “in the liftoff phase” and predicted oil prices could eventually fall to $40–$50 a barrel "because there's so much supply coming on."Bessent said that the underlying U.S. economy, job growth, and wage growth remain strong and that the economy is accelerating.
"I think we are going to get to the other side of this Iran conflict with a safer world, with an Iran that cannot have a nuclear weapon and that we are in the liftoff phase," Bessent said.
