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Scott Bessent: “This is a short term spike. We're going to probably see it…”

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 02:31

And as you said when we talked in January, that was one of the wins that you were celebrating, that there has been that real wage growth. There isn't now. When is that going to come back again? This is a short term spike. We're going to probably see it come down as soon as this month now. So maybe it's coming down as soon as this month. You heard the secretary there say that gas prices should get below $3 by Labor Day. (02:31–02:39)

CLAIM

Asserts that the current economic spike is short-term and may decrease this month.

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