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Bessent to Milken conference: Trump will make America 'more appealing for investors like you'

  • On May 5, Treasury Secretary Scott Bessent delivered the opening address on the U.S. economy at Michael Milken’s annual financial conference held at the Beverly Hilton in Beverly Hills.
  • Bessent framed his address around President Trump's integrated economic agenda of trade reform, tax cuts, and deregulation designed to boost investment and growth.
  • He emphasized tariffs as a tool to encourage domestic investment, complemented by the 'One Big Beautiful Bill' tax legislation offering permanent cuts and incentives for research and factory building.
  • Bessent projected U.S. Growth close to 3 percent next year, deficit reduction by about $300 billion annually, and called U.S. Markets 'antifragile' amid global economic uncertainty.
  • He urged global investors to commit capital now, describing the agenda as a blueprint for a new American Golden Age promising more jobs, factories, innovation, and opportunity.
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Business Insider broke the news in United States on Sunday, May 4, 2025.
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