WASHINGTON −  warned Friday that the U.S. economy could enter a "detox period" as the  administration shifts from robust government spending to push more private sector spending.

Bessent acknowledged signs of a slowed economy after a weeklong plunge in the stock market, precipitated by  and a  that showed 151,000 were added in February, slightly lower than projections.

"Could we be seeing that this economy that we inherited starting to roll a bit? Sure," Bessent said in an  "Look, there's going to be a natural adjustment as we move away from public spending to private spending. The market and the economy have just become hooked, and we've become addicted to this government spending. And there's going to be a detox period."

Trump campaigned on lowering consumer prices after years of stubborn inflation under President Joe Biden, even as it gradually fell over his final year in office.

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