On CBS's Face the Nation, Treasure Secretary Scott Bessent defended the Trump administration's approach to inflation against anchor Margaret Brennan’s previous critiques. The discussion highlighted the role of an 'affordability czar,' which Bessent clarified is focused on identifying areas to reduce prices for consumers. He countered claims of anticipated price increases, asserting that inflation numbers have begun to drop and there have been no price hikes thus far. Bessent engaged with Brennan's points on various company earnings suggesting otherwise, maintaining that their strategy is working.
We wanted to make sure that there aren't price increases, Margaret. And, thus far, there have been no price increases, he said. Everything has been alarmist, the inflation numbers are actually dropping.
In previous discussions, I mentioned the role of an affordability czar, who would identify areas to help reduce costs for working-class Americans, not to anticipate increases.
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