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Scott Bessent: “This will be the lowest cost for Thanksgiving dinner in four…”

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

Bessent says inflation 'has nothing to do with tariffs' as U.S. rolls them back: Full interview

Published November 23, 2025 | Video Starts at 01:23

We will see an announcement this coming week on that. And so across the board, prices are starting to come down. We're having Thanksgiving week. This will be the lowest cost for Thanksgiving dinner in four years. Turkey prices are down 16%. And yet some prices are going up. Of course, we have seen prices increasing on staples like coffee, bananas, bacon. Inflation has gone up. (01:23–01:27)

CLAIM

Asserts that the cost of Thanksgiving dinner will be the lowest in four years.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Scott Bessent

“Turkey prices are down 16%.”
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“9,500 foreign flights canceled.”
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“There was no Ukrainian territory taken any time that [President Trump] has been in office.”
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“They two weeks ago sanctioned Rosneft and Lukoil, the two biggest Russian oil companies.”
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“There are 2.1 million service members.”
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“1.5% hit to GDP, 11 billion dollars permanent hit.”
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“Presidents closed the border and the mass immigration is gone.”
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“Interest rates are down.”
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“We had a very big October for home sales.”
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“Gasoline is down.”
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“Inflation hasn't gone up.”
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“Blue state inflation is half a percent higher.”
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“I am the highest ranking US Official to have visited Ukraine.”
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“We did [the economic cooperation agreement] three months later, and now it is the centerpiece for the Ukrainian economy.”
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“I am confident that every order that President Trump gives is lawful.”
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“President Trump has put more pressure on the Russian Federation with economic sanctions.”
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“President Trump moved forward with a bold initiative that the Europeans would not follow us on.”
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“The price of Russian oil has collapsed very quickly.”
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“This was a display of gross, gross negligence here.”
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“The Democrats kept the government shut down.”
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“Senate Republicans should immediately abrogate the filibuster.”
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