Treasury Secretary Bessent: ‘I’m not worried about inflation’ from tariffs
Secretary of Treasury Scott Best discusses US economy, tariffs and inflation in New York’s economic club. (Credit: Ecny)
Treasury secretary Scott Betting: On Thursday, the concerns raised about tariffs that raise inflationary pressure, which raise the consumer prices, saying that they will simply bring “price adjustment.”
Batetent has issued a statement at the New York Economic Club and participated in the question and answer session with Fox Business Network Larry kudlow In which he was asked, the tariffs are inflation.
“Look, tariffs can be a single price adjustment. Yes … I would hope that the team’s failed lines can later on more schedule, saying that it is about one-time prices.
“And for those who say,” Oh, the tariffs are tax, they are inflation.
Scott Bate, the US Treasury Secretary, speaks at New York, in New York, in the United States, 2025. Russia’s sanctions will be “used directly for the immediate maximum impact” (Victor J. Blue / Bloomberg Via Getty Images / Getty Images)
He also said that Trump administration Economic policy takes into account the entire government and noted that mortgage prices have fallen along with raw oil prices, as he does not even worry about inflation.
“The economic program is a whole government, a complete program, and I think we can get a one-time price adjustment,” said Bate, which did not worry about inflation.
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