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Scott Bessent: “In many states, we're back to around 3, 350. I think we can…”

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

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

Published | Video Starts at 01:52

We're going to get to the other side of this. Inflation is going to come back down. It's largely dominated, as you said, by gasoline In many states, we're back to around 3, 350. 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 that. (01:52–02:01)

CLAIM

Asserts that gas prices are around $3.50 and may return to $3 by Labor Day.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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