Bessent says grow out of debt while debt outruns growth… The Fed is being pulled in opposite directions.

Bessent: “We will grow our way out of debt.”

Real GDP growth:

2023: +2.9%
2024: +2.8%
2025: +2.1%
2026: +1.5% (Q2 annualized)

US debt growth:

2023: +7.2%
2024: +6.9%
2025: +6.1%
2026: +7.5% (last 12 months)

Debt is growing 2–3× faster than the economy.

You don’t grow your…

— Fthegurus (@fthegurus) August 26, 2026

Warsh speaks at Jackson Hole on Friday.

The backdrop:

– Inflation: 3.7%
– Core PCE: 3.3%
– The bond market: pricing rate hikes
– The consumer: slowing
– 30-year yields: highest since 2007

The Fed is being pulled in opposite directions.

Warsh's speech could tell us which risk…

— Nic (@puckrin) August 26, 2026