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Bessent disparages IMF, World Bank forecasts, says US will quickly cycle through higher prices

BY Reuters | ECONOMIC | 04/14/26 11:07 AM EDT

WASHINGTON, April 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday took issue with cuts in global growth forecasts and higher inflation projections from the International Monetary Fund and World Bank in the wake of the Middle East, saying the institutions had probably "overreacted."

"I think that they probably overreacted, but we'll see," Bessent told reporters, noting that some countries in Europe and Asia were adopting consumer or industrial subsidies to deal with supply disruptions, which could lead to higher persistent inflation there.

He said he was confident that the U.S. would cycle through higher prices very quickly, unlike countries that were implementing subsidies that could increase borrowings or lengthen the duration of inflationary impacts. (Reporting by Andrea Shalal; Editing by Katharine Jackson)

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