Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year

Treasury Secretary Scott Bessent expressed confidence Wednesday that the U.S. economy can get back on the path to 3% growth as the Iran war nears conclusion.

“We can have something with a three in front of it this year,” Bessent said in a live interview on CNBC’s “Squawk Box.” “The underlying economy has been strong.”

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