Key Takeaways:

• Treasury Secretary Scott Bessent told Andrew Ross Sorkin he seldom reads the news
• During his DealBook Summit chat, Bessent defended President Trump’s nodding off
• Analysts Jonathan V. Last and Tim Miller slammed his attacks on the media
• Critics worry Bessent lacks credibility if a real economic crisis hits

Scott Bessent’s DealBook Summit Claims Under Fire

At the New York Times’ DealBook Summit, Treasury Secretary Scott Bessent faced tough questions. Instead of clear answers, he launched broad attacks on the media. He also suggested he doesn’t keep up with everyday news. That claim surprised many listeners. Analysts Jonathan V. Last and Tim Miller publicly called out his performance. They worry Bessent may not guide the economy well during a crisis.

The Strange Performance at the Summit

Scott Bessent sat down with Andrew Ross Sorkin in front of top business leaders. Early on, he defended President Trump’s appearance at a recent cabinet meeting. The president seemed to fall asleep on camera. Bessent said it was fine and brushed it off lightly. Then he admitted he rarely reads news articles or updates. He claimed, “I don’t read the headlines much.” That answer struck many as odd, since a Treasury chief usually tracks global markets and headlines daily.

Why Scott Bessent’s Defense Raised Eyebrows

First, defending the president’s nap made the audience uneasy. Next, the admission about not reading news sounded careless. Treasury secretaries often use daily briefings to spot risks. However, Bessent’s comment implied he might miss important signals. Moreover, his tone shifted to a combative stance against journalists. He presented a sort of performance act rather than thoughtful policy views. As a result, critics warned this could erode trust in his leadership if markets face shocks.

Attacks on Media and What They Mean

Soon after, Scott Bessent launched into criticisms of the New York Times and other outlets. He called their reporting biased and self-serving. During the same chat, he joked that MAGA supporters would love his insults. In addition, he suggested smart interviewers only get sidetracked by politics. Critics say these tactics mirrored tactics used by former President Trump. Tim Miller described the act as “condescending” and “awkward.” He felt Bessent tried to borrow Trump’s style without real substance. For example, instead of answering about inflation, Bessent attacked the press.

Experts Question Bessent’s Crisis Credibility

Jonathan V. Last spoke on a podcast and warned that Bessent’s comments could spell trouble. He said it’s fine to have a casual official if the economy hums along. But in a real crisis, leaders must earn trust fast. Last argued markets need clear, reliable spokespeople. He said, “If you face a credit crunch, you want leaders who stay informed.” Miller added that Bessent’s performance makes him wonder if the secretary will stay calm in a meltdown. Both analysts stressed that reputation matters in finance. A shaky, uncertain voice can spark panic.

What Comes Next for the Treasury

Given these criticisms, public scrutiny will grow. Observers expect Bessent to clarify his stance soon. He might face grilling from congressional committees. In addition, market watchers will watch his public comments closely. Treasury decisions on debt limits, inflation measures, or global moves need credible backing. If Bessent fails to establish trust, his plans could hit roadblocks. Moreover, investors look for confidence in leadership. A misstep now might tilt markets into uncertainty.

Looking Ahead: Restoring Confidence

To regain trust, Scott Bessent should share clear plans. He can start by outlining how he tracks risks without reading headlines. For instance, he could describe his briefings with analysts. He might also tone down media attacks and focus on facts. In addition, regular updates on treasury actions could ease concerns. Open dialogue with reporters and experts would help. Ultimately, his goal must be to show he understands global markets and policy levers deeply.

FAQs

What did Scott Bessent say about reading the news?

He admitted he rarely reads headlines or news articles, claiming he relies on briefings and direct updates.

Why did analysts criticize Scott Bessent’s DealBook interview?

They felt he performed like a “show” and attacked the media instead of giving clear policy answers.

Could Bessent’s comments affect market confidence?

Yes. Experts warn that a lack of clear leadership could unsettle markets during a crisis.

What should Bessent do to rebuild trust?

He should share detailed plans, reduce media attacks, and engage openly with experts and reporters.