US treasury secretary says Iran war has created an ‘energy shock’
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- US Treasury Secretary Scott Bessent says the war on Iran has triggered an “energy shock” but maintains that the US economy remains strong.
- Bessent says he will not be intimidated by Iranian threats, revealing that he relocated to a military base following security warnings.
US Treasury Secretary Scott Bessent has said the war on Iran has created an "energy shock" but maintained that the underlying US economy remains strong.
Speaking in an interview with CNBC, Bessent said the economic impact of the conflict was a reason for the Federal Reserve to keep an open mind and avoid raising interest rates too aggressively.
Bessent also said he would not be intimidated by Iranian threats against his life, following his recent relocation from his home in Washington, DC, to an undisclosed US military base.
Describing Iran's actions, Bessent said Tehran was behaving "like a dangerous cornered animal."
"So I follow Secret Service instructions and have moved from my home to a military base," he said.
His relocation followed reported Iranian threats against his life, prompting additional security precautions.
