Scott Bessent, a prominent U.S. economic policymaker, says the “K-shaped economy” is over, arguing he is “sick of hearing about” the term. In comments highlighted by Fortune and Yahoo News, Bessent frames the phrase as no longer an accurate description of current economic conditions. The reports note that his declaration contrasts with interpretations from economic data and analysis that continue to describe uneven outcomes across different groups of workers and households.
While Bessent argues the economy no longer splits into clearly separated “tracks,” the articles indicate there is still debate about whether income, wage, employment, or other indicators have fully normalized. The coverage presents Bessent’s position as a high-profile shift in rhetoric, while also pointing out that analysts may still find evidence of persistent economic divergence. Overall, the story centers on a disagreement between a policymaker’s assessment that the “K-shaped” period has ended and ongoing scrutiny of statistics that may suggest uneven economic performance continues.
