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Scott Bessent: “We're seeing rents drop, we're going to see health care…”

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

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Published | Video Starts at 14:36

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. So yeah, I think a very good chance the Fed's going to be back on target. (14:36–14:40)

CLAIM

Observes a decrease in rents and predicts a decrease in healthcare costs.

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