A recent interview with Scott Bessent has drawn heavy criticism and intense debate about US fiscal policy, the article reports.

Wall Street professionals and academics are debating his views on spending, deficit reduction and interest rates.

Critics doubt the feasibility of proposed measures to rein in the widening federal deficit.

Many economists argue the projected timelines lack enough detail to reassure skeptical bond markets.

A Nobel Prize-winning economist said Bessent won't get interest rates down, Yahoo Finance reported.

Rebuked by the bond market, Bessent said the 'house' does not always win, The New York Times reported.

Bessent has tied elevated interest rates to strong economic growth rather than policy failure.

Market participants are watching upcoming budget releases and congressional testimony for more clarity.

Read the full article on the reaction to Scott Bessent's interview.