Remarks by Secretary of the Treasury Scott Bessent before the Economic Club of Minnesota

IntroductionThank you. To begin, I’d like to express my appreciation to Minneapolis Federal Reserve President and CEO Neel Kashkari and members of the Economic Club for hosting us today. It’s good to be in Minnesota again. They call it the North Star State for a reason. For decades, Minnesota led the Midwest as a hub for culture, business, and innovation. But in recent years, the leadership in Minnesota has knocked this great state and its people off course. Failed experiments with big government, overregulation, and the second-highest corporate tax rate in the country have hurt job creators like you, leading to net outbound migration. But it doesn’t have to be this way. President Trump’s hope, and ultimately his invitation, is that Minnesota becomes the North Star State again. That’s why I am here today.