Ghalibaf hits back at latest remarks by US Treasury secretary

Tehran - BORNA - In a post on X, Ghalibaf shared a New York Times article highlighting Bessent’s difficulties in bringing key US economic indicators under control.

“This declining empire, instead of pouring billions of dollars into its terrorist proxy Israel and 750 military bases around the world, could have spent that money on the American people. But no, that would be far too logical for the US regime,” Ghalibaf wrote.

“Hey Scott, man, your credibility is on the line. Do something,” he added.

The New York Times article shared by Ghalibaf said Bessent’s credibility is increasingly at risk as he seeks to push interest rates lower and keep the US economy under control ahead of the midterm elections through controversial interventions in financial markets, while simultaneously threatening severe sanctions against countries that continue trading with Iran.

According to the article, markets have repeatedly pushed back against those efforts, with long-term bond yields remaining elevated.

It also noted that the war with Iran has intensified inflationary pressures and heightened concerns over the United States’ massive budget deficit, while Bessent’s threats to isolate Iran could disrupt the global financial system.

At the same time, the article said Bessent has yet to present a clear strategy for reducing the United States’ roughly $40 trillion debt burden.

As a result, it added, investors and politicians are increasingly questioning whether the Treasury secretary has the tools needed to contain the mounting economic pressures or is instead spending his remaining credibility on political slogans and increasingly confrontational rhetoric.

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