Treasury Secretary Scott Bessent: ‘K-shaped economy is over’ and I’m ‘sick of hearing’ about it

Treasury Secretary Scott Bessent says the K-shaped economy is over, but the data and many economists tell a different story. “I do believe the core inflation is slowing,” Bessent said in an interview with CNBC on Tuesday. “I got sick of hearing about this K-shaped economy. I can say here definitively, the K-shaped economy is over, and we’re seeing more of a C economy where the lower end of wage earners are finally calling it back, just like they did in President Trump’s first term.” The…