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Scott Bessent: “I would expect maybe even as soon as next month we will go…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

Treasury chief Bessent says inflation could come down "as soon as this month"

Published July 3, 2026 | Video Starts at 02:13

I think we can get back to $3, hopefully maybe by Labor Day. But we had had before April, we had seen real wage growth for working Americans every month during President Trump's presidency. And I would expect maybe even as soon as next month we will go back to [real wage growth]. that. I want to pick up on that wage growth point because annual wage growth three and a half percent, inflation's running above 4%. (02:13–02:17)

CLAIM

Asserts that real wage growth may resume as soon as next month.

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Scott Bessent

“Before April, we had seen real wage growth for working Americans every month during President Trump's presidency.”
Treasury chief Bessent says inflation could come down "as soon as this month" | Uploaded July 3, 2026 | 02:02-02:13
“Inflation is going to come back down. It's largely dominated by gasoline in many states.”
Treasury chief Bessent says inflation could come down "as soon as this month" | Uploaded July 3, 2026 | 01:45-01:53
“In many states, we're back to around 3, 350. I think we can get back to $3, hopefully maybe by Labor Day.”
Treasury chief Bessent says inflation could come down "as soon as this month" | Uploaded July 3, 2026 | 01:52-02:01
“This is a short term spike. We're going to probably see it come down as soon as this month now.”
Treasury chief Bessent says inflation could come down "as soon as this month" | Uploaded July 3, 2026 | 02:31-02:39