US Treasury Secretary: Short-Term Pain for Long-Term Gain
BBC Business
Treasury Secretary Scott Bessent asserts that short-term economic pain is necessary for long-term security amid rising tensions with Iran. What’s at stake?
Bessent: 'A small bit of economic pain' is worth long-term security.
IMF warns conflict could push global growth below 2% by 2026.
Iran enriched uranium to 60%, raising nuclear weapon concerns.
Inflation could reach 6% next year, forcing interest rate hikes.