Scott Bessent: “Inflation is going to drop substantially this year.”

“But I do think it's important to have an open mind, let the economy do what it's going to do. Understand that we are in a productivity boom and let's see what happens because yeah, my prediction is that Inflation is going to drop substantially this year. Observable flight inflation is very different than reportable and reported inflation. We're seeing rents drop, we're going to see health care drop.” (14:28–14:31)

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