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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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Bessent on Trump accounts, gas prices and wage growth

Published | Video Starts at 02:17

And as you said when we talked in January, that was one of the wins that, that you were celebrating that there has been that real wage growth. There isn't now. So 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. And I just want to add that although Secretary Besson told me many states are seeing gas prices at around three and a half dollars a gallon, AAA says that's true in only a handful of states right now. (02:17–02:23)

CLAIM

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

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